33 Twin Avenue Condominium

Key facts from 33 Twin Avenue Condominium's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

33 TWIN AVENUE CONDOMINIUM

Developer / declarant

SATMAR DRIVE REALTY CO

Governing law

Article 9-B of the Real Property Law of the State of New York (DECLARATION, page 1: 'PURSUANT TO ARTICL)

Reserves & fees

Monthly fee not more than 5% of the monthly common charges for delinquent payments. (BY-LAWS Article VI, Section 2: 'charge t)

Leasing & rentals

Yes, but subject to Board's right of first refusal to buy any unit offered for resale; no unit may be sold or leased unless all unpaid common charges are paid; violation is voidable at Board's election. (BY-LAWS Article XI, Section 1: 'The Boar)

Architectural approval

Board has obligation to answer within 60 days of request; failure to respond within 60 days means no objection. (DECLARATION Article 17(b): 'The Board of)

Insurance

Fire insurance with extended coverage, water damage, vandalism and malicious mischief; full replacement value of Buildings including Units, fixtures, equipment; standard mortgagee clause. (BY-LAWS Article VII, Section 1: 'fire in)

Use restrictions

All Units shall be used for residential purposes only. (BY-LAWS Article VIII, Section 2: 'All Un)

Voting & meetings

For Board meetings, a majority of managers constitutes a quorum; for Unit Owners meetings, not explicitly stated in provided text. (BY-LAWS Article III, Section 8(d): 'a ma)

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