What is the Hoa law in New York state?

Homeowners' Associations in New York, or otherwise known as Common Interest Communities, are regulated by the Attorney General's office and must be set up as non-profit organizations. They are governed by NY Not-For-Profit Corporation Law, the Association's Articles of Declaration, and Bylaws.

Who owns the land around a condo?

Inium is a Latin word that means "Owning property together." That's what it is like when someone buys a condo unit. They have an "interest" in the land beneath the building, but the building's association owns the actual land.

US Legal Forms
Condominium Bylaws - Residential Condo Development

Condominium Bylaws Association With In Queens

Q: What is the Hoa law in New York state?

Homeowners&#039; Associations in New York, or otherwise known as Common Interest Communities, are regulated by the Attorney General&#039;s office and must be set up as non-profit organizations. They are governed by NY Not-For-Profit Corporation Law, the Association&#039;s Articles of Declaration, and Bylaws.

Q: Who owns the land around a condo?

Inium is a Latin word that means &quot;Owning property together.&quot; That&#039;s what it is like when someone buys a condo unit. They have an &quot;interest&quot; in the land beneath the building, but the building&#039;s association owns the actual land.

Q: What legal rights do condo owners have in NY?

The condo Board gets what&#039;s called the right of first refusal. But does this mean a condo Board can reject anyone without a fair or justified reason? Most definitely not. The Board cannot make any rejection without its presence being noted in the bylaws.

Q: Can a condo board reject a buyer in NYC?

The condo Board gets what&#039;s called the right of first refusal. But does this mean a condo Board can reject anyone without a fair or justified reason? Most definitely not. The Board cannot make any rejection without its presence being noted in the bylaws.

Category:

Real Estate - Condominiums

State:

Multi-State

County:

Queens

Control #:

US-00452

Format:

Instant download

Description

The Condominium Bylaws Association within Queens provides a framework for the management and governance of a residential condominium project. These bylaws outline the responsibilities of the Association, including the administration, maintenance, and operation of common elements and individual units. Key features include restrictions on property use, architectural guidelines to preserve aesthetic harmony, and requirements for community engagement among co-owners. The bylaws also require each co-owner to maintain their property in a manner consistent with the community’s standards, thus protecting property values and resident enjoyment. Filling and editing the form involves modifying the bylaws to reflect the specific condominium's name, project details, and any amendments necessary to align with local laws. This document is particularly useful for attorneys handling real estate transactions, partners in property management, owners seeking clarity on their rights, associates supporting property governance, paralegals involved in documentation, and legal assistants managing compliance. Use cases include leasing procedures, maintaining property aesthetics, enforcement of community rules, and managing rights related to common elements.