63 Twin Avenue Condominium

Key facts from 63 Twin Avenue 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

63 Twin Avenue Condominium

Developer / declarant

63 TWLLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Declaration Preamble)

Assessments & dues

Board prepares annual budget and determines Common Charges to be paid by Unit Owners (By-Laws Section 2.4(iv) and (v), Page 25)

Special assessments

Board may levy Special Assessments on Unit Owners (By-Laws Section 2.4(v), Page 26 and Defi)

Reserves & fees

Board may establish a reserve fund for capital expenditures not exceeding ten percent (10%) of operating expenses for the ensuing twelve months (By-Laws Section 2.4(xii), Page 27)

Signs & flags

Not explicitly regulated; but 'no physical modification shall be made to any other Unit' and exterior changes require approval (Declaration Article 9, Page 6)

Maintenance

Unit Owners maintain interior of Unit and certain exterior surfaces (terraces, patios, windows, etc.); Board maintains Common Elements (By-Laws Section 5.1, Page 38-39)

Voting & meetings

Each Unit Owner casts one vote per percentage of common interest; cumulative voting allowed; Sponsor controls while owning majority of units (By-Laws Section 4.8 and 4.9 (Pages 29-30)

Amendments

By vote of at least 66 2/3% of all Unit Owners; material amendments require consent of at least 51% of eligible mortgage holders (Declaration Article 19, Pages 9-10)

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