61 Park Lane Condominium

Key facts from 61 Park Lane Condominium's documents

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

Community type

Condominium (Preamble: '61 PARK LANE CONDOMINIUM')

Legal name

61 Park Lane Condominium

Developer / declarant

Shefa Management LLC (Preamble: 'SHEFA MANAGEMENT LLC' and 'RE)

Governing law

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

Assessments & dues

Not fixed; determined annually by Board budget. (By-laws Art VI Sec 2: 'Board shall...fix)

Special assessments

Board may levy special assessments in same manner as regular assessments. (By-laws Art VI Sec 2: 'Special assessmen)

Reserves & fees

Board may charge a monthly fee of not more than fifteen dollars to cover additional burden of late payment. (By-laws Art VI Sec 2: 'Board may charge )

Leasing & rentals

Unit Owner may mortgage, pledge, hypothecate, sell or lease his Unit, subject to Board's right of first refusal. (By-laws Art XI Sec 1: 'has the right of )

Maintenance

Maintenance, repairs, and replacements to roof and roof members are a common expense performed by Board. (By-laws Art III Sec 6: 'all maintenance,)

Use restrictions

Occupancy of the Units shall be restricted to Residential Occupancy in accordance with applicable zoning regulations. (Declaration SEVENTEENTH(i))

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