353 Central Park West Condominium Association, Inc.

Key facts from 353 Central Park West Condominium Association, Inc.'s documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration Article FIRST: Submission of)

Legal name

353 Central Park West Condominium Association, Inc.

Units / lots

18 (16 Residential Units and 2 Professional Units) (Declaration THIRD: 'Condominium: 353 Cen)

Developer / declarant

KiSKA Developers, Inc., a Delaware corporation (Declaration page 1: 'Declarant: KiSKA De)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST: 'submits the property)

Assessments & dues

Board of Managers determines and levies monthly assessments (Common Charges) to cover Common Expenses; may increase or vote special assessment (By-Laws Article II Section E: 'To determ)

Special assessments

Board may vote a special assessment to meet additional necessary expenses (By-Laws Article II Section E: 'vote a sp)

Collections & liens

Unpaid Common Charges plus interest constitute a lien on the Unit, prior except for tax liens and first mortgage liens; may be foreclosed like a mortgage; acquirer at institutional mortgage foreclosure not liable for prior charges (Declaration Article THIRTEENTH: 'shall c)

Reserves & fees

Interest at 18% per annum on unpaid Common Charges (not exceeding highest legal rate) (Declaration Article THIRTEENTH: 'togethe)

Architectural approval

Board must respond within 60 days; failure to answer within that time means no objection (Declaration Article SEVENTEENTH: 'The Bo)

Home business

Home occupation allowed if complies with law and does not violate certificate of occupancy; no illuminated or other sign without board consent (Declaration Article FIFTH: 'may use a po)

Use restrictions

Residential Units may be used only for private residential use, except home occupation permitted if compliant with law and no sign without board consent (Declaration Article FIFTH: 'Residential )

Voting & meetings

One vote per Unit Owner (including Sponsor); Professional Unit Owners collectively have one board member election vote (By-Laws Article I Section B: 'Each Unit )

Amendments

Declaration may be amended by 80% of Unit Owners in number and common interest, recorded; but Sponsor may unilaterally amend to reflect changes in Units or subdivision of Professional Units. Certain articles (Fifth, ELEVENTH) require consen (Declaration Article ELEVENTH: 'may be mo)

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