26 Lincoln Avenue Condominium

Key facts from 26 Lincoln Avenue Condominium's documents

Community type

Condominium

Legal name

26 LINCOLN AVENUE CONDOMINIUM

Developer / declarant

LINCOLN PROPERTY LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST and By-laws Article I,)

Assessments & dues

Board of Managers determines and levies monthly common charges to cover common expenses, payable in advance; may increase or levy special assessments pro-rata according to common interest (By-laws Article III, Section 5(1) and (2)

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all other liens except tax assessments and first mortgage liens; foreclosure permitted in like manner as mortgage; costs and attorneys' fees recoverable but not as lien (Declaration TWELFTH)

Leasing & rentals

Yes, subject to Board's right of first refusal to buy any Unit offered for resale; no unit may be sold or leased unless all unpaid common charges are paid; sale or lease in violation is voidable at Board's election (By-laws Article XI, Section 1)

Architectural approval

Written consent required for alterations to exterior of Unit or common elements, or any structure built on common elements; interior alterations impairing structural soundness also require consent (By-laws Article VIII, Section 8 and Decl)

Use restrictions

Occupancy of the Units shall be restricted to Residential Occupancy in accordance with applicable zoning regulations (Declaration SEVENTEENTH(i))

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in EXHIBIT 'B' (Declaration EIGHTH)

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