11 Jay Street Owners Corp.

Key facts from 11 Jay Street Owners Corp.'s documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

JAY STREET CONDOMINIUM

Developer / declarant

11 JAY ST. ASSOCIATES

Governing law

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

Collections & liens

Statutory lien under Section 339-z of Real Property Law; foreclosure action allowed; receiver may be appointed; Unit may be purchased by Board at foreclosure (Article VI, Sections 6 and 7)

Reserves & fees

Common expenses may include amounts for reserve fund for replacements (Article VI, Section 1: reserve fund for )

Signs & flags

Commercial Unit Owner may maintain signs identifying its business, but only to extent appropriate to residential use of rest of building (Section 9 of Declaration (Easements) and)

Voting & meetings

One vote per 0.01% of common interest; Commercial Unit Owner has right to designate not less than 4 board members if board increased (Article III, Section 8)

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