7 Albert Drive Condominium

Key facts from 7 Albert Drive Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

7 Albert Drive Condominium

Developer / declarant

7 Albert Drive, LLC (Page 3, Declaration opening paragraph)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, first paragraph)

Assessments & dues

Condominium Board determines Common Charges based on budget and Common Interests (Section 6.1)

Collections & liens

Condominium Board may file a lien and foreclose for unpaid Common Charges (Section 6.4)

Reserves & fees

No provision for a reserve fund (Omission in document)

Architectural approval

Alterations, additions, improvements to Units require prior written consent of Condominium Board (Section 5.2)

Insurance

Board may determine deductible amounts (Section 5.4(C) (last paragraph before (D)

Use restrictions

No activity impairing structural integrity; no interior partitions contributing to support altered; no waste; nothing causing insurance cancellation (Section 5.6(B), (C), Section 5.7(C))

Voting & meetings

Each Unit Owner entitled to one vote per unit owned (Section 4.8(A))

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