24 Eisenhower Ave Condominium

Key facts from 24 Eisenhower Ave Condominium's documents

Community type

Condominium

Legal name

24 EISENHOWER AVE CONDOMINIUM

Developer / declarant

16 Eisenhower Ave LLC (Declaration, first paragraph)

Governing law

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

Assessments & dues

Board determines monthly assessments ('common charges') to cover common expenses, prorated according to respective common interest (Bylaws Article VI Section 6; Declaration)

Special assessments

Special assessments levied and paid in same manner as regular assessments (Bylaws Article VI Section 6)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior to all other liens except tax assessments and first mortgages; may be foreclosed after 90 days due in like manner as mortgage (Declaration Article 13; Bylaws Article V)

Reserves & fees

Board may establish and maintain a Reserve Fund (Bylaws Article II Section 5(q))

Parking & vehicles

Commercial license plate vehicles may not be parked in the Condominium for a period in excess of 24 hours (Bylaws Article VIII Section 8(e))

Architectural approval

Consent requested by certified mail, return receipt requested; Board must answer within 60 days; failure to respond means no objection (Bylaws Article VIII Section 7)

Maintenance

Common expense: all maintenance, repairs, replacements to roof and roof members (Bylaws Article II Section 6)

Insurance

Board shall obtain fire insurance with extended coverage insuring the Building including all Units, covering interest of Condominium, Board, all Unit Owners and mortgagees, in amount equal to full replacement value of Buildings as originall (Bylaws Article VII Section 1)

Voting & meetings

Each Unit appoints a Manager who votes; each Unit Owner entitled to one vote per Unit owned; if a Unit Owner holds more than one Unit, entitled to cast two votes, one for each Board seat (Bylaws Article I Section 5 and Section 4)

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