28 Paiken Drive Condominium

Key facts from 28 Paiken Drive Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

28 Paiken Drive Condominium

Developer / declarant

28 Paiken LLC (Declaration page 1)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Art. 1)

Assessments & dues

Board of Managers fixes budget at least annually; assessments prorated by common interest; payable monthly in advance (By-Laws Art. V, Sec. 2)

Special assessments

May be levied and paid in the same manner as regular assessments (By-Laws Art. V, Sec. 2)

Collections & liens

Board may foreclose lien for unpaid assessments; subject to any first mortgage (By-Laws Art. VIII)

Reserves & fees

Budget may include reserves as part of operational items (By-Laws Art. V, Sec. 2 – 'operational it)

Architectural approval

Written consent of Board required for exterior alterations, alterations to common elements, and structural interior alterations (Declaration Art. 17(b); By-Laws Art. VII)

Voting & meetings

Each unit owner has one vote per percentage of common interest; each unit appoints a manager to vote; proxy allowed (Declaration Art. 8; By-Laws Art. II, Sec)

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