In New York condominium law, what are "common elements"?
Correct Answer
D) Areas owned in common by all unit owners as tenants in common
Common elements in New York condominiums are areas owned in common by all unit owners as tenants in common. These typically include hallways, elevators, roofs, structural elements, and recreational facilities. Each owner's interest is proportional to their unit's percentage interest.
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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?
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Robert owns a condominium unit in New York City and wants to make alterations that would affect the common elements. Under New York condominium law, what approval does he need?