25 Singer Ave Condominium

Key facts from 25 Singer Ave Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Cover Sheet / First page)

Legal name

25 SINGER AVE CONDOMINIUM

Developer / declarant

25 SIINGER AVENUE SPRING VALLEY 10977 LLC (Declaration, signature page)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, first paragraph)

Assessments & dues

Board determines Common Charges based on budget of anticipated Common Expenses (By-laws Section 2.4(v))

Special assessments

Board may levy Special Assessments pro-rata in accordance with Common Interests (By-laws Section 6.1(C) (referenced) and )

Collections & liens

Board may enforce payment of Common Charges and Special Assessments by legal means; notice to mortgagees of default (By-laws Sections 8.3, 2.4(xviii))

Reserves & fees

Board maintains reserve for contingencies; borrowing limitations reference reserve fund of at least 10% of budgeted operating expenses (By-laws Section 2.5(2)(c))

Leasing & rentals

Leasing is allowed but subject to Right of First Refusal (Article 7 of By-laws) (Declaration Section 18; By-laws Article )

Architectural approval

Yes, Board approval required for alterations, additions, improvements to Units (subject to cost thresholds for Common Elements) (By-laws Sections 5.2, 5.3)

Maintenance

Unit Owner maintains interior of Unit, windows, doors, plumbing fixtures, etc.; Board maintains Common Elements (By-laws Section 5.1)

Insurance

Deductible amounts as determined by Board (By-laws Section 5.4(C))

Use restrictions

Each Unit shall be used as a private dwelling; professional office by owner is permitted (By-laws Section 5.7(A))

Voting & meetings

Each Unit Owner casts one vote per Unit owned. During Sponsor control, Sponsor votes all Units it owns. After Sponsor control, each Unit Owner elects one Board Member. (By-laws Sections 4.8 and 4.9)

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