26 Twin Ave Condominium

Key facts from 26 Twin Ave Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

26 TWIN AVE CONDOMINIUM

Developer / declarant

30 TWIN LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1 Submission of Property; Articl)

Assessments & dues

The Board of Managers determines and levies monthly assessments (common charges) to cover common expenses, payable in advance. Assessments are pro-rata according to each Unit's common interest. (Article III Section 5(a); Article VI Sec)

Special assessments

Special assessments may be levied by the Board in the same manner as regular assessments. (Article VI Section 2: Special assessment)

Collections & liens

Board may foreclose lien for unpaid common charges after 90 days from due date; proceeds applied to unpaid charges; if insufficient, balance charged to all Unit Owners as common expense. (Article VI Section 2; Article IX; Declar)

Reserves & fees

Monthly fee of not more than $15 for delinquent payment. (Article VI Section 2: Board may charge a)

Leasing & rentals

Leasing is allowed; Board of Managers has a right of first refusal on resale and lease; any sale or lease in violation is voidable at Board's election. (Article XI Section 1)

Architectural approval

Request must be by certified mail; Board has 60 days to respond; failure to answer within 60 days means no objection. (Article VIII Section 7: The Board of Man)

Maintenance

Unit Owner responsible for interior maintenance: including electrical, plumbing, windows (inside), doors, heating/AC; Board responsible for exterior walls, roof, common elements, public utility lines, snow plowing, exterior painting. (Article III Section 6; Article VIII Sect)

Insurance

Board shall obtain fire insurance and water damage insurance covering the Building to full replacement value; public liability insurance with single limit of $1,000,000. (Article VII Sections 1, 2)

Use restrictions

Occupancy of Units restricted to Residential Occupancy in accordance with applicable zoning regulations. (Article 17 Covenants and Restrictions (i)

Voting & meetings

Each Unit Owner is entitled to cast one vote per Unit owned at Unit Owners' meetings. For Board Member Elections, each Unit Owner is entitled to cast three votes, one for each corresponding seat on the Board. (Article II Section 1: one vote per Unit;)

Amendments

Declaration may be amended by instrument executed by Board of Managers upon vote of 75% of Unit Owners in number; if material adverse to first-lien mortgagees, require consent of mortgagees representing 51% of unit votes. Bylaws may be amen (Declaration Article 9(b); Bylaws Article)

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