1 Cleveland Avenue Condominium

Key facts from 1 Cleveland Avenue Condominium's documents

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

Community type

Condominium

Legal name

1 CLEVELAND AVENUE CONDOMINIUM

Developer / declarant

Imrich Katz

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST: Submission of Property; THIRD: De)

Assessments & dues

Board determines monthly assessments based on common expenses, payable in advance; allocated per common interest percentage (Exhibit B) (By-laws Article VI Section 2)

Special assessments

Permitted; levied and paid in same manner as regular assessments (By-laws Article VI Section 2)

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all other liens except tax and first mortgage; may be foreclosed when past due (90 days after notice); Board may foreclose like a mortgage (Declaration ELEVENTH; By-laws Article VI)

Reserves & fees

Monthly fee not exceeding $15 for delinquent Unit Owner (By-laws Article VI Section 2)

Pets

Implied (mention of 'guests and their pets' in rules) (By-laws Article VIII Section 3)

Leasing & rentals

Yes (title includes leasing; right of first refusal for sale, but leasing not explicitly restricted) (By-laws Article XI Section 1)

Architectural approval

Yes, for exterior alterations, structures on common elements, and structural interior changes (Declaration SEVENTEENTH (b); By-laws Art)

Maintenance

Board (common expense) (By-laws Article III Section 6)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief; public liability insurance with $1,000,000 single limit initially (By-laws Article VII Sections 1, 2)

Use restrictions

Yes (Declaration SEVENTEENTH (i); By-laws Art)

Voting & meetings

Each Unit Owner has one vote per unit owned (By-laws Article II Section 2)

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