43 Ridge Ave Condominium

Key facts from 43 Ridge Ave Condominium's documents

Community type

Condominium

Legal name

43 RIDGE AVE CONDOMINIUM

Developer / declarant

43 RIDGE NY LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Art.1 and Bylaws Art.I Sec.1)

Assessments & dues

Determined annually by Board based on budget (Bylaws Art.VI Sec.2)

Special assessments

Allowed, levied and paid in same manner as regular assessments (Bylaws Art.VI Sec.2)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except taxes; foreclosure after 90 days notice (Declaration Art.12 and Bylaws Art.IX)

Reserves & fees

Board may establish and maintain Reserve Fund (Bylaws Art.III Sec.5(q))

Leasing & rentals

Yes, subject to conditions including payment of unpaid common charges and Board's right of first refusal for sales (Bylaws Art.XI Sec.1)

Use restrictions

Occupancy restricted to Residential Occupancy; Units shall be used for residential purposes only (Declaration Art.17(i) and Bylaws Art.VII)

Voting & meetings

Each Unit Owner entitled to one vote per Unit owned (Bylaws Art.II Sec.2)

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