210 Maple Avenue Condominium

Key facts from 210 Maple Avenue Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

210 Maple Avenue Condominium

Developer / declarant

210 MAPLE LLC (Recital before Article FIRST)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article FIRST)

Assessments & dues

Board of Managers determines and levies monthly common charges to cover common expenses, payable in advance (By-laws Article III Section 4 item 1)

Special assessments

Board may increase monthly assessments or vote a special assessment if required to meet additional necessary expenses (By-laws Article III Section 4 item 1)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior to all other liens except taxes and first mortgage; may be foreclosed like a mortgage; Board may purchase Unit at foreclosure; unpaid portion charged to all Unit Owners as common exp (Declaration Article ELEVENTH and By-laws)

Reserves & fees

Monthly fee of not more than $15 to cover administrative costs (By-laws Article VI Section 2)

Leasing & rentals

Unit Owners may sell, convey, lease or transfer Unit only if all common charges are paid; sale or lease in violation is voidable at election of Board (By-laws Article XI Section 1)

Architectural approval

Board shall respond within 60 days; failure to respond within that time means no objection (By-laws Article VIII Section 7 and Decla)

Maintenance

Each Unit Owner must perform all maintenance and repair work to his own Unit that would affect the Community; all repairs to internal installations (e.g., telephones, sanitary) at Unit Owner's expense; Board of Managers maintains common ele (By-laws Article VIII Sections 6(a) and 6)

Insurance

Fire insurance on buildings at replacement value; public liability insurance in single limit of $1,000,000 initially (By-laws Article VII Section 1)

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with applicable zoning regulations (Declaration Article SEVENTEENTH (i))

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in Exhibit B (Article EIGHTH)

Amendments

Declaration may be amended by Board of Managers upon a vote of 100% of Unit Owners (Declaration Article TENTH)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.