22 Remsen Avenue Condominium

Key facts from 22 Remsen Avenue Condominium's documents

Community type

Condominium (Name: 22 REMSEN AVENUE CONDOMINIUM)

Legal name

22 REMSEN AVENUE CONDOMINIUM

Developer / declarant

Ruben Falkowitz, Managing Member of Prag Realty of NY Inc. (Declaration opening: ‘by Ruben Falkowitz)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration para 1)

Assessments & dues

Board shall at least annually prepare a budget, determine total amount required, and assess each Unit in proportion to its Common Interest. (By-law Art VI Sec 2)

Special assessments

Special assessments may be levied and paid in same manner as regular assessments. (By-law Art VI Sec 2)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except taxes and first mortgage. May be foreclosed after 90 days past due. (Declaration para 12; By-law Art VI Sec 2)

Reserves & fees

Interest at maximum amount permitted by New York State from due date until paid. (By-law Art IX (last sentence of first pa)

Pets

Implicitly allowed; By-law mentions pets but no specific restrictions. (By-law Art VIII Sec 3: ‘their pets’)

Leasing & rentals

Leasing allowed; provisions on sale or lease require payment of unpaid charges and are subject to voidability if violated. Right of first refusal applies to sales, not clearly to leases. (By-law Art IX Sec 1: ‘sell or lease his )

Parking & vehicles

Commercial license plate vehicles may not be parked for more than 24 hours. (By-law Art VIII Sec 6(e))

Architectural approval

Board consent required for erection of fences/gates and painting exterior surfaces of windows, walls, or doors opening out. (By-law Art VIII Sec 6(c) and (d))

Maintenance

Association (common expense). (By-law Art II Sec 6: ‘all maintenance, r)

Insurance

Fire insurance with extended coverage, water damage, vandalism, covering Building including all Units and improvements initially installed. Amount at least $600,000 until first Board meeting after first Unit Owners meeting. (By-law Art VII Sec 1)

Use restrictions

All Units shall be used for residential purposes only. (By-law Art VIII Sec 2)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest (Exhibit B). Each Unit appoints a Manager who votes. (Declaration para 8; By-law Art I Sec 5)

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