11 Milton Place Condominium

Key facts from 11 Milton Place Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Name: 7-11 MILTON PLACE CONDOMINIUM)

Legal name

7-11 Milton Place Condominium

Developer / declarant

SARAH MENDLOVIC (Declarant: SARAH MENDLOVIC)

Governing law

Article 9-B of the Real Property Law of the State of New York (Pursuant to Article 9-B of the Real Prop)

Assessments & dues

Board determines Common Charges annually based on estimated Common Expenses, allocated pro rata according to Common Interests. (Section 6.1)

Special assessments

Allowed, but during Sponsor control limited; after control, requires approval of Unit Owners representing at least 75% Common Interest for certain purposes. (Section 2.5(A)(ii) and (B)(iii))

Collections & liens

Unpaid Common Charges constitute a lien on the Unit, enforceable by foreclosure. (Section 6.4 and Article 7)

Architectural approval

Written approval of Board required for alterations, additions, or improvements to any part of the property allocated to a unit, and for changes to the layout of the unit. (Section 5.2 and Section 9(a)(ii))

Home business

Partial professional office by the owner only allowed. (Section 5.7(A))

Maintenance

Unit owner responsible for interior of unit (walls, ceilings, floors, fixtures, windows, doors, etc.) and for limited common elements (decks). Board responsible for common elements. (Section 5.1)

Insurance

Fire insurance with extended coverage on the Building (including Units and improvements installed by Sponsor or Unit Owners, but not personal property) covering Condominium, Board, Unit Owners, and Permitted Mortgagees. (Section 5.4(A))

Use restrictions

Each Unit may be used in accordance with local law and certificate of occupancy, not more than one family per unit. (Section 9 and Section 5.7)

Voting & meetings

Each Unit Owner casts one vote per Unit Owned. Cumulative voting allowed for Board elections. Sponsor can designate majority of Board for at least 2 years after first closing as long as Sponsor owns at least one unit. (Section 4.8 and 4.9; Section 2.7)

Amendments

Requires 66 2/3% in number and common interest of all Unit Owners, with exceptions: no change in Common Interest percentages without unit owner consent; no adverse effect on mortgagee's lien without written consent; mortgagee deemed to appr (Article 18)

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