119 Remsen Avenue Condominium

Key facts from 119 Remsen Avenue Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title; Article 9-B Condomini)

Legal name

119 REMSEN AVENUE CONDOMINIUM

Developer / declarant

POPINSONS LLC, with an address at 26 Wallenberg Circle, Monsey, New York 10952 (Declaration, paragraph 1, [[PAGE 3]])

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration header, [[PAGE 1]])

Assessments & dues

Board prepares budget and determines Common Charges and Special Assessments; Common Charges allocated pro rata in accordance with Common Interests (By-Laws Section 2.4(v), [[PAGE 26]]; Def)

Special assessments

Special Assessments may be levied by the Board, pro rata in accordance with Common Interests (Definition (34) Special Assessments, [[P)

Collections & liens

Board has right to file liens against a Unit for unpaid Common Charges and to foreclose (By-Laws Section 2.4(vii), [[PAGE 26]])

Reserves & fees

Reserve fund for replacements may be established and funded through Common Expenses; during declarant control, limited to 12-month contingency not exceeding 10% of budgeted operating expenses unless required by law or for health/safety (Definition (8)(ii), [[PAGE 16]]; By-Laws)

Architectural approval

Prior written consent of Board required for (ii) alterations or improvements to any part of the property allocated to a Unit, (iii) change the layout of a Unit, (iv) exterior alterations if design differs, (v) subdivision of a Unit containi (By-Laws Section 5.2, [[PAGE 38]])

Insurance

Fire insurance with extended coverage, vandalism, malicious mischief; comprehensive general liability insurance; rent insurance; workers' compensation; boiler and machinery insurance (By-Laws Section 5.4(A) and (B), [[PAGE 4)

Voting & meetings

Each Unit Owner entitled to one vote per percentage of common interest owned; cumulative voting allowed (By-Laws Section 4.8(A), [[PAGE 36]]; als)

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