David owns a condominium unit in Syracuse and receives a special assessment notice for roof repairs. Under New York law, what is David's obligation regarding this special assessment?
Correct Answer
B) He must pay his proportionate share as determined by the condominium declaration
Under New York condominium law, unit owners are obligated to pay special assessments in proportion to their ownership interest as specified in the declaration. This is typically based on the unit's percentage of the total condominium, and payment is mandatory regardless of the owner's vote.
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Under New York condominium law, a unit owner has various rights and responsibilities. All of the following are typical rights of a New York condominium unit owner EXCEPT:
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Lisa is selling her condominium unit in Albany. The buyer's attorney requests a statement of common charges and any outstanding assessments. Who is responsible for providing this information under New York law?