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Property Ownership TransferCondo_ownership_nyEASY

In New York, what document establishes the legal framework for a condominium development and must be filed with the county clerk?

Correct Answer

A) The declaration of condominium and bylaws

Under New York Real Property Law Article 9-B, the declaration of condominium (also called the master deed) and bylaws are the fundamental documents that must be filed with the county clerk to legally establish a condominium. The declaration creates the condominium regime and defines the units and common elements.

Answer Options
A
The declaration of condominium and bylaws
B
The proprietary lease and bylaws
C
The offering plan and purchase agreement
D
The certificate of incorporation and stock certificates

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Related Topics & Key Terms

Key Terms:

declarationcondominium_documentscounty_clerkmaster_deed
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