6 Collins Ave Condominium

Key facts from 6 Collins Ave Condominium's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, Declaration of Condominium)

Legal name

6 COLLINS AVE CONDOMINIUM

Developer / declarant

58 HERRICK LLC (Page 1, 'DECLARANT: 58 HERRICK LL')

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Page 1, 'PURSUANT TO ARTICLE 9-B')

Assessments & dues

Board determines amount of Common Charges and Special Assessments via budget; allocated pro-rata according to Common Interest (By-Laws Section 2.4(A)(v) and definition)

Special assessments

Board may levy Special Assessments for Common Expenses not covered by regular Common Charges, including for deficiencies after insurance, etc. (Definition (32) in Exhibit C; By-Laws Se)

Collections & liens

Common Charges and Special Assessments are a lien on the Unit; foreclosure available for nonpayment (implied by mortgagee protections and enforcement remedies) (Article 8 (Mortgaging of Units) referenc)

Reserves & fees

Common Charges may include establishing a reserve fund for working capital, replacements, and to make up deficits; board may create or add to reserve fund (Exhibit C definition of Common Charges ()

Leasing & rentals

Not explicitly stated; however, restriction on leasing is a protected amendment (cannot be imposed by board without unit owner consent), implying leasing is currently allowed (Declaration Section 19(b)(ix): 'impositi)

Architectural approval

Unit owners must obtain Board approval for alterations, additions, or improvements that affect other units, structural integrity, or common elements; interior alterations generally allowed but subject to conditions including approval if the (Declaration Section 9 and By-Laws Sectio)

Home business

Only residential use permitted; home business not allowed unless consistent with residential use and local law (Declaration Section 9)

Maintenance

Not explicitly assigned; roof is likely Common Element (part of building structure) therefore Association responsibility; not mentioned separately. (Common Elements definition includes 'roo)

Insurance

Board determines deductible amounts; reviews annually (By-Laws Section 5.4(C): 'Any insurance p)

Use restrictions

Units shall be used solely for residential purposes as permitted by local law, zoning, and Certificate of Occupancy; no more than one family may occupy a Unit unless approved by Board (Declaration Section 9: 'the use permitte)

Voting & meetings

Each Unit Owner casts one vote per Unit owned; in Board elections, each unit owner elects one Board Member (By-Laws Section 4.8(A) and 4.8(B); 'each)

Amendments

Declaration may be amended by vote of all Unit Owners (in person, by proxy, or written consent); certain amendments require mortgagee consent (if adversely affect lien) and/or written consent of affected Unit Owner (if changes Common Intere (Declaration Section 19(a) and (b))

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