13 15 Milton Place Condominium

Key facts from 13 15 Milton Place Condominium's documents

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

Community type

Condominium (Title page: '13-15 Milton Place Condomin)

Legal name

13-15 MILTON PLACE CONDOMINIUM

Governing law

Article 9-B of the Real Property Law of the State of New York (Title page: 'PURSUANT TO ARTICLE 9-B OF )

Assessments & dues

Not fixed; determined annually by Board based on budget. (By-laws Section 6.1(A): 'determine the a)

Collections & liens

Board has a lien on each Unit for unpaid Common Charges and Special Assessments. Lien is subordinate to real estate tax liens. (By-laws Section 6.2(A): 'Condominium Boa)

Reserves & fees

Board may establish a twelve-month reserve for contingencies not exceeding five percent of the budgeted operating expenses for the ensuing twelve months. Any other reserves require 75% approval. (By-laws Section 2.5(iv): 'establish any )

Architectural approval

Prior written consent of Condominium Board required for any alteration, addition, improvement, or change to a Unit (except decorations, fixtures, painting, finishing, wallpapering, shelving, lighting fixtures on interior surfaces). (Declaration Section 10 and By-laws Secti)

Insurance

Unit Owners may carry own insurance for their benefit, provided policies contain waiver of subrogation and not affect Board's insurance. (By-laws Section 5.4(E))

Use restrictions

Each Unit may be used in accordance with local law and Certificate of Occupancy. Not more than one family may reside in a unit. (Declaration Section 9: 'Each Unit may be)

Voting & meetings

At Unit Owner meetings, presence in person or by proxy of a majority of all Unit Owners constitutes a quorum. (By-laws Section 4.5)

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