2 Sherwood Avenue Condominium

Key facts from 2 Sherwood Avenue Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

2 SHERWOOD AVENUE CONDOMINIUM

Developer / declarant

2 SHERWOOD LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, Declaration; Bylaws, Section )

Assessments & dues

Board of Managers shall from time to time levy assessments for common charges (Bylaws Article VI Section 1)

Special assessments

Special assessments may be levied in the same manner as regular assessments (Bylaws Article VI Section 2)

Collections & liens

Unpaid common charges become a lien on the Unit; may be foreclosed like a mortgage; Board may purchase Unit at foreclosure (Declaration Article 12; Bylaws Article V)

Pets

Pets are mentioned as permitted subject to rules (no specific restrictions stated) (Bylaws Article VIII Section 3 – refers t)

Architectural approval

Board must answer within 60 days; failure to respond within that time is deemed no objection (Bylaws Article VIII Section 7)

Use restrictions

Occupancy restricted to residential occupancy in accordance with applicable zoning regulations; all units used for residential purposes only (Declaration Article 17(i); Bylaws Articl)

Voting & meetings

Each Unit Owner casts one vote per Unit owned; percentage of common interest determines vote weight (Bylaws Article II Section 2; Declaration)

Amendments

Amendments must be approved by 66-2/3% of Unit Owners in number and common interest, with full statement in meeting notice, and recorded; no amendment affecting mortgagee rights without consent of mortgagees representing at least 51% of uni (Bylaws Article IX)

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