11 Collins Ave Condominium

Key facts from 11 Collins Ave Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

11 COLLINS AVE CONDO

Developer / declarant

WEISSMELB TWO LLC (Declaration first paragraph)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Declaration Section 2)

Assessments & dues

Board determines amount of Common Charges and Special Assessments (By-Laws Section 2.4(v))

Special assessments

Board may levy Special Assessments (By-Laws Section 6.1(C); Declaration Exhi)

Collections & liens

Unpaid Special Assessment constitutes a lien; Board may acquire units at foreclosure or judicial sale (Declaration Section 5.5(C); By-Laws Sect)

Leasing & rentals

Units may be occupied by owner or permitted lessees (Declaration Section 9)

Architectural approval

Alterations, additions, improvements to Unit require Board approval (Declaration Section 9; By-Laws Section 5)

Maintenance

If work necessitated by condition in individual unit, Unit Owner liable for costs not covered by insurance (By-Laws Section 5.1)

Insurance

Deductible amounts as Board determines (By-Laws Section 5.4(C))

Use restrictions

Not more than one family may occupy a Unit at one time (Declaration Section 9)

Voting & meetings

Each Unit Owner casts one vote per Unit; each Unit Owner elects one Board Member; Sponsor designates Board Members during control period (By-Laws Section 4.8, 4.9)

Amendments

Declaration amended by vote of all Unit Owners; material changes require mortgagee consent (Declaration Section 19)

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