42 Ellish Parkway Condominium

Key facts from 42 Ellish Parkway Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article 9-B submission)

Legal name

42 ELLISH PARKWAY CONDOMINIUM

Developer / declarant

SSS TRUST (Record Owner/Declarant: SSS TRUST)

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST: Submission of Property)

Assessments & dues

Board determines budget and prorates total annual requirements among Units according to respective common interest (ARTICLE VI, Section 2)

Special assessments

Board may levy special assessments in same manner as regular assessments, pro-rata according to common interest (ARTICLE III, Section 5, item 1 and ARTIC)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior to all other liens except taxes and first mortgages; may be foreclosed like a mortgage (Declaration TWELFTH and ARTICLE IX)

Reserves & fees

Board may charge delinquent Unit Owner a monthly fee of not more than fifteen dollars (ARTICLE VI, Section 2)

Leasing & rentals

Yes, but subject to Board's right of first refusal to buy Unit; all unpaid common charges must be paid prior to sale or lease (ARTICLE XI, Section 1)

Parking & vehicles

Commercial license plate vehicles may not be in the Community for a period in excess of 24 hours (ARTICLE VIII, Section 8(e))

Architectural approval

Written consent of Board required for exterior alterations, structures on common elements, and interior alterations impairing structural soundness (Declaration SEVENTEENTH, (b) and ARTICLE)

Signs & flags

Posting advertisements or posters prohibited except as authorized by Board (ARTICLE VIII, Section 8(a))

Maintenance

Board maintains exterior surface of Building including roofs (ARTICLE III, Section 6)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief on Buildings and fixtures initially installed by Sponsor; public liability insurance (ARTICLE VII, Section 1)

Use restrictions

Occupancy restricted to Residential Occupancy per applicable zoning regulations (Declaration SEVENTEENTH, (i))

Voting & meetings

Each Unit Owner has one vote per percentage of common interest set forth in Exhibit B; each Unit appoints a Manager who votes in person or by proxy (EIGHTH (Declaration) and ARTICLE II, Sec)

Amendments

Amendment requires 80% vote of Unit Owners in number and common interest; material changes also require approval from first mortgage holders representing at least 51% of votes of Units subject to first mortgages (Declaration TENTH and ARTICLE X)

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