4 Singer Ave Condominium

Key facts from 4 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

Legal name

4 SINGER AVE CONDO

Developer / declarant

1 SHERRWOOD PLAZA 10977 LLC (Page 1 (Declarant); Page 4 (Declarant ad)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Page 1; Section 2 (Submission of the Pro)

Assessments & dues

Board determines Common Charges and Special Assessments pro-rata in accordance with Common Interest; budget adopted annually. (Section 2.4(A)(iv) and (v): prepare and )

Special assessments

Allowed. Board may levy special assessments for common expenses, including deficiencies after casualty (Section 5.5(C)). Also defined in Exhibit C (35) and By-Laws Section 2.4(A)(v). (Section 2.4(A)(v); Section 5.5(C); Exhib)

Collections & liens

Condominium Board may file liens for unpaid Common Charges; association can enforce by legal means. Section 19(c)(ii) refers to assessment liens. Article 9 provides remedies including potential foreclosure (implied). (Section 2.4(A)(vi) (borrowing and liens))

Reserves & fees

Required. During Sponsor control, cannot establish reserves except a twelve-month reserve for contingencies not exceeding 10% of budgeted operating expenses, unless for legal/safety reasons. (Section 2.5(B): establish any reserves..)

Architectural approval

Prior written consent of Board required for alterations, additions, or improvements to any part of the property allocated to a unit (including exterior) and for changes to layout. (Section 5.2(ii) and (iv); Declaration Se)

Maintenance

Unit Owner: interior of Unit (walls, ceilings, floors, fixtures, windows, doors, exposed plumbing, etc.), Limited Common Elements (decks, parking spaces). Association: Common Elements (painting, decorating, maintenance, replacements). If wo (Section 5.1(A); Section 8(c) (Limited Co)

Insurance

Fire insurance with all risk extended coverage, vandalism, malicious mischief on the Building (including improvements but not appliances/personal property). Also liability insurance with at least $500,000 aggregate until first regular meeti (Section 5.4(A) and (B): fire insurance w)

Use restrictions

Implied; units are residential and no business uses mentioned. Specific restrictions not fully captured but typical. (Declaration Section 9 (Use of the Units))

Voting & meetings

Each unit owner casts one vote per unit owned. In board elections, each unit owner elects one board member. Sponsor has vote for unsold units. (Section 4.9(A): Each owner of a Unit sha)

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