20 E. 35 Owners Corp.

Key facts from 20 E. 35 Owners Corp.'s documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

20 East 35th Street Condominium

Developer / declarant

Goodhue House Company

Governing law

Article 9-B of the Real Property Law of the State of New York (New York Condominium Act) (Article 1.1, Article 1.3)

Assessments & dues

Board prepares budget annually, determines common charges, and allocates among Unit owners according to their percentage interest in Common Elements (85% Residential, 15% Commercial), except fuel and electricity initially allocated 95% Resi (By-Laws Article V, Section 1; Declaratio)

Special assessments

Requires consent of all Unit owners. Board cannot assess any common charge for creation of or addition to a reserve, contingency or surplus fund without all owners' consent. (By-Laws Article II, Section 2(j))

Collections & liens

Board may foreclose lien on Unit for unpaid common charges under Real Property Law Sections 339-z and 339-aa. Receiver may be appointed to collect rent. Board may purchase Unit at foreclosure sale. (By-Laws Article V, Sections 6, 7)

Reserves & fees

Allowed but requires consent of all Unit owners to create or add to reserve, contingency or surplus fund. (By-Laws Article II, Section 2(j))

Signs & flags

Commercial Unit Owner has the right to maintain, erect, alter, repair or replace one or more signs on the Building identifying its business or tenants, or for advertising sale or lease of Commercial Unit. (Declaration Article 11.3)

Voting & meetings

Residential Unit: 2 votes; Commercial Unit: 1 vote. Proxies allowed in writing. (By-Laws Article III, Section 7)

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