110 Park Lane Condominium

Key facts from 110 Park Lane Condominium's documents

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

Community type

Condominium (Name: 110 Park Lane Condominium)

Legal name

110 PARK LANE CONDOMINIUM

Developer / declarant

DAVID BRAUN (DAVID BRAUN, with an address at 117 Wash)

Governing law

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

Assessments & dues

Board prepares annual budget, determines Common Expenses, allocates Common Charges pro-rata based on Common Interests (Section 6.1: allocate and assess such Co)

Collections & liens

Board may perfect a lien for unpaid common charges; owner prohibited from voting if lien exists (Section 4.8(B): Unit Owner may not vote )

Reserves & fees

Limited; cannot establish reserves other than a twelve-month reserve for contingencies not exceeding five percent of budgeted operating expenses without consent (Section 2.5(iv): establish any reserves.)

Voting & meetings

Each Unit Owner one vote per unit; cumulative voting allowed; Sponsor may vote as long as owns unsold units (Section 4.8 and 4.9: each Unit Owner sha)

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