PROCEDURE FOR SALE/LEASE OF APARTMENT AT PARK LANE SOUTH CONDOMINIUM

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1 PARK LANE SOUTH CONDOMINIUM st STREET Richmond Hill, NY PROCEDURE FOR SALE/LEASE OF APARTMENT AT PARK LANE SOUTH CONDOMINIUM - WAIVER OF RIGHT OF FIRST REFUSAL WILL BE ISSUED AT CLOSING. - CLOSING WILL BE HELD AT THE OFFICE OF; UNIT OWNERS ATTORNEY - THE ATTACHED PACKAGE MUST BE COMPLETED AS INDICATED.

2 THIS NOTICE IS TO BE FILLED OUT AS INDICATED AND DELIVERED BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE BOARD OF MANAGERS OF THE CONDOMINIUM IN CARE OF: ADK CONSULTING INC TH AVENUE ASTORIA NY ATTN: PAUL KOUFOS PHONE: (718) / FAX: (212) NOTICE OF INTENTION TO SELL OR LEASE CONDOMINIUM UNIT The undersigned, being the owner(s) of Unit No., at Park Lane South Condominium, st Street, Richmond Hill, NY 11418, hereby notifies the Residential Board of Managers in care of the above-mentioned, that the undersigned has received a bona fide offer to SELL ( ) or LEASE ( ) said unit from the below named prospective purchaser or lessee on the terms stated below, and that the undersigned intends to accept such offer. Name and Address or Perspective Purchaser of Lessee: (If a prospective purchaser or lessee is a corporation, name the designated officer, director, stockholder or employee of the corporation who will occupy the unit and for how long a term.) When and if designated occupant vacates the unit, another information sheet must be forwarded to ADK Consulting Inc. Terms of the Proposed Sale or Lease: Attached is a Unit Owner Data Sheet to be filled out and sent to ADK Consulting Inc. with regard to the following: Purchase Price: (if sale) $ Proposed Closing Date: Monthly Rental: (if lease) $ Lease Term: Anticipated Occupancy Date:

3 THE FOLLOWING DOCUMENTS ARE REQUIRED TO PROCESS AN APPLICATION TO SELL OR LEASE: 1. Standard application form for purchase or lease must be completely filled in and signed by the prospective purchaser or lessee. Please submit one (1) original and one (1) copy of the entire application package. 2. Fully executed original contract of sale or lease setting forth all of the terms of the agreement between parties. 3. Rider to executed lease (encosed). 4. Application for Waiver of Right of First Refusal (enclosed). 5. Money Orders, Bank or Certified Checks should accompany these papers in the amount of: A. $ made payable to Park Lane South Condominium for a move-out fee. This fee covers ordinary wear and tear to the common areas of the building. Damages caused during move-out (if any) will be charged to seller at closing. B. $ made payable to Park Lane South Condominium for a move-in fee. This fee covers ordinary wear and tear to the common areas of the building. Damages caused during move-in (if any) will be charged to purchaser. C. $60.00, per applicant, made payable to Park Lane South Condominium for a credit check. (for Lease). D. $ made payable to ADK Consulting Inc. as a processing fee. The undersigned represents that the sale or lease described above shall be made strictly in accordance with the provisions of the By-Laws of the Condominium and agrees to deliver promptly to the Residential Board of Managers any information that may be reasonably requested. Note: Name of Individual Owner or Corporations 1. All Checks must accompany this application. 2. Incomplete applications will not be processed. 3. Waiver of Right of First Refusal will be issued at closing. 4. Renovations require the consent of the Board of Managers. If you intend to perform renovations, you must have written permission. A deposit of $ is required for renovations. Renovation policy is attached.

4 AGREEMENT OF TIME TO PROCESS The undersigned acknowledges that the Residential Board of Managers has a period of 30 days, commencing with the date of receipt of this Notice as well as the delivery of such additional information concerning the offer as to the Residential Board of Managers may reasonably request, to exercise its right of the first refusal to purchase or lease the unit on the terms specified herein and in the By-Laws. The undersigned hereby requests that, if the Residential Board of Managers elects to waive or release such right of first refusal, it deliver to the undersigned a certificate to that effect, pursuant to the provisions of the By-Laws. Name of Individual Owner or Corporation Signature of Individual Owner of Authorized Officer or Corporation

5 RIDER TO SALE / LEASE CONTRACT UNIT #: I/We have received the attached House Rules and Regulations for the Park Lane South Condominium, dated January I/We agree to attach the un-amended House Rules and Regulations as a Rider to the executed Sales/Lease Contract. Date: Seller / Lessor Signature Buyer / Lessee Signature Seller / Lessor Signature Buyer / Lessee Signature

6 STANDARD APPICATION FORM Property Name: Apt. Rent: $ Applicant: Date of Birth: / / Social Security #: - - Phone: ( ) Present Address: City: State: Zip: Previous Landlord: Phone: ( ) Name of Employer: Phone: ( ) Type of Business: Years of Employment: Annual Income: $ Co-Applicant: Date of Birth: / / Social Security #: - - Phone: ( ) Present Address: City: State: Zip: Name of Employer: Phone: ( ) Type of Business: Years of Employment Annual Income: $ Others in Unit: Bank Accounts: Name: Relationship: Name: Relationship: Name: Relationship: Bank: Type of Account: Bank: Type of Account: Pet(s): YES if YES, describe pet: Note: There is a non-refundable credit check fee of $60.00 per applicant payable to Park Lane South Condominium. Lease applicant understands that the Landlord is relying on all of the above representations. If any of the above information is false, the Landlord may declare any lease, which may be subsequently executed, null and void. Applicant understands that only the Landlord may rent the unit. The Landlord does not discriminate because of race, religion, age or sex. NOTE: Each application must have a letter of employment for each applicant and a reference letter from the applicant s bank. Dated: / / Applicant s Signature:

7 UNIT OWNER DATA SHEET Name of Unit Owner(s): Unit #: Home Address: City: State: Zip: Home Phone: ( ) Business Phone: ( ) Address for Billing Notices, etc: Social Security Number: - - Emergency Contact: Home Phone: ( ) Business Phone: ( ) If Sublet Current Occupant(s) of Unit: Home Phone: ( ) Business Phone: ( ) Emergency Contact: Home Phone: ( ) Business Phone: ( )

8 Park Lane South Condominium Resident House Rules Revised 04/14 1. Residents* shall not use or permit use of the premises in any manner that would be illegal or disturbing or a nuisance to other said residents, or in such way as to be injurious to the reputation of the Condominium. 2. Residents* shall not obstruct, litter deface or misuse any of the common areas in any manner. They should also report any observed malfeasance to the superintendent. 3. Residents* shall be liable for any and all damages to the common areas and the property of the Condominium, which shall be caused by said Residents* or such other person(s) for whose conduct he/she is legally responsible. 4. Children should not play in the public areas including halls, stairways, parking lot, courts, fire towers, elevators or roofs. 5. Residents* shall not be permitted on the roof. 6. No Residents* shall make, cause or permit any unusual, disturbing or objectionable noises or odors to be produced upon or emanate from his/her or its appurtenant Limited Elements or permit anything to be done therein that will interfere with the rights, comforts or conveniences of the other Residents*. 7. Residents* shall not play upon or suffer to be played upon any musical instruments. Residents* shall not operate or permit to be operated a phonograph, radio, stereo, television set or other loud speaker in such Residents* unit or common area. If the same shall unreasonably disturb or annoy other occupants of the building. In no event shall a Resident* practice or suffer to be either vocal or instrumental music or any objectionable noises between the hours of 10:00 pm and 8:00 am. 8. No construction of any kind within the units will be permitted without the prior consent of the Board of Managers. No construction or repair work or other installation involving noise or odor shall be conducted in the unit except on weekdays (not including legal holidays) and weekends and only between the hours of 9:00 am and 5:00 pm, unless such construction or repair work is necessitated by an emergency. 9. Residents* shall ensure that all garbage and refuse from said units shall be disposed of only at such times and in such a manner as the superintendent or Managing Agent of the Condominium may direct. All recyclables shall be placed in blue bags and placed in the proper disposal. All newspapers shall be tied up and left near the disposal for pickup. Larger items shall be placed neatly by the outer gate of the courtyard. All other garbage shall be properly bagged and placed in the proper disposal. 10. Residents* shall ensure that no article, including but not limited to garbage cans, bottles and mats be placed or stored in any of the common areas. 11. All exit doors (including front and back entrances and fire exits) are to be kept closed at all times. Fire exits shall not be obstructed in any manner. 12. Each Resident* shall keep his/her unit in a good state of preservation and cleanliness.

9 13. Nothing shall be hung or shaken from any hallway doors, unit windows, roofs, or placed upon the windowsills of the Condominium. Residents* shall not sweep, throw or discard any dirt, debris or other substances there from. 14. There shall be no bicycle riding, rollerblading or similar activities permitted in the common areas of the Condominium. 15. Residents shall ensure the cleanliness of the unit windows. In case of refusal or neglect of the Residents* during ten (10) days after written notice by the Board of Managers or managing agent to clean the windows, an outside contractor, as directed by the Board may do such cleaning. The Board shall have the right, by its officers or authorized Agent to enter the unit for this sole purpose and to charge the cost of service to the Resident*. 16. There shall be no clutter placed in the window area. Only white blinds or shades shall be placed in the windows. 17. No domestic animal (including birds or reptile) shall be permitted or kept in any unit, unless, in each instance, expressly permitted by the Board of Managers or the managing agent. Any such consent, if given, shall be revocable at any time by the Board or managing agent at their sole discretion. In no event shall any animal be permitted in the hallways or elevators unless carried or on a leash. Animals are not permitted in any other common area at any time. No bird or animals may be fed from the windowsills or public portions of the building. All droppings must be picked up and discarded in a proper manner. 18. Each Resident* shall keep his/her unit free of all vermin, insects or other pests. The agents of the Board of Managers, and any contractor or workman authorized by the Board, may enter any unit at any reasonable hour of the day for the purpose of inspecting such unit to ascertain whether measures are necessary or desirable to control or exterminate any vermin, insects or other pests. If the Board of Managers takes such measures, unit owner will be liable, in the form of an additional charge thereof, to pay the cost. 19. Moving hours are Monday through Saturday between the hours of 9:00 am and 5:00 pm only and must be scheduled in advance with the superintendent. A deposit of $ must be given to the managing agent in advance, of which $ will be refunded if no damage to the common areas occurs. 20. Any unit owner who plans to sell or sublet their unit must pay a nonrefundable application fee of $ to Park Lane South Condominium, c/o ADK Consulting Inc th Avenue Astoria, NY There is also a non-refundable fee of $ made payable to Park Lane South Condominium to be included in the resale/sublet package for the purpose of completing a credit check. Any applicant who does not meet proper credit criteria after the credit check will be denied. This policy is to ensure the continued habitability of the property and protects all unit owners rights to quiet enjoyment. In the case of a refinance, a fee of $ will be paid to Park Lane South Condominium, at the aforementioned address for application processing fees. These fees will go to the condominium reserve fund. This policy was approved by unanimous decision of the Board of Managers in January Laundry facilities are available each day of the week between the hours of 7:00 am and 10:00 pm. The last load shall be 8:45 pm. 22. Nothing shall be done or kept in any unit or common area that will increase the rate of insurance of the Condominium or the contents thereof, without the prior written consent of the Board. No Resident* shall permit anything to be done or kept in his/her unit or in the common areas that will

10 result in the cancellation of insurance on the Condominium, or the contents thereof or that would be a violation of the law. No waste shall be committed in the common areas, No Residents* shall at any time bring into or keep in his/her unit or limited common areas, any flammable, combustible or explosive fluid, chemical or substance, except as shall be necessary and appropriate for the permitted uses of such unit or limited common areas. 23. No radio or television antenna shall be attached to, hung or erected from the exterior of the building (including the roof) without prior written approval of the Board of Managers. 24. All vehicles parked in the parking lot must be in running condition and legally registered, otherwise the vehicle will be towed at the owner s expense. 25. Floors of each unit must be covered at least 80% with rugs, carpeting or equally effective noise reduction materials, with the exception of kitchens, pantries, bathrooms, closets, and foyers. 26. Boiler rooms and other apparatus rooms in the building shall not be used for any other purpose other than those for which they were constructed, not shall any sweeping, rubbish, rags or any other article be placed in these closets. The unit owner in whose unit the damages are caused shall pay the cost of repairing any damage resulting from misuse of any boiler rooms or other apparatus rooms. 27. Residents* shall not send any employee of the Sponsor / Board out of the building on any private business of a resident. 28. Residents* shall not paint or alter the exterior of the window or hallway door leading into his/her unit. 29. Complaints regarding the service of the Condominium shall be made to the superintendent and the Managing Agent. 30. Smoking is not permitted in the hallways, stairwells, laundry room, community room, elevators or front entrance. 31. No sign, notice, advertisement, or illumination shall be inscribed or exposed on or at any window or other part of the Condominium unless the Board of Managers gives prior approval in writing. 32. In accordance with the New York City Housing Maintenance Code, no more than one (1) occupant shall reside in a unit for every eighty (80) square feet of livable area. The Housing Maintenance Code defines, livable area as a floor area of the unit excluding interior hallways, foyers, bathrooms, kitchen and closets. 33. The installation of any washing machine and/or dryer in any unit is strictly prohibited. If such violation exists, it must be corrected immediately by the removal of such appliance(s) from the property. 34. Window guards approved by the New York City Department of Health and the New York City Fire Department are required in all windows in units in which children under the age of ten (10) reside. No other window gates, bars or similar devices may be placed or installed in any window unless such gates, bars or devices is one approved by the New York City Department of Health or the New York City Fire Department. Any Resident* found with such device, will be subject to additional charges as given to the Condominium by the City of New York as a result of that violation. 35. No loitering in the common areas is permitted. 36. No common area shall be decorated or furnished in any way without prior consent of the Board of Managers.

11 37. Any infraction against the House Rules will constitute grounds for a fine, which the unit owner will be responsible to pay and which will be added to the monthly common charge. The fee schedule is as follows: - 1 st Infraction $ nd Infraction $ rd Infraction $ th Infraction $ th Infraction $ th Infraction $ Each additional after 6 th Infraction $ These House Rules may be amended or replaced at any time by resolution of the Board of Managers of the Condominium. ** Refer to unit owner(s) and their subtenants. It also refers to the following for both owners and tenants: Families Employees Invitees Licensees Visitors Contractors

12 PARK LANE SOUTH CONDOMINIUM st STREET Richmond Hill, NY To: From: All residents of Park Lane South Condominium The Board of Managers Re: Renovation and Repair Policy Please be advised that major renovations or alterations to your apartment first require approval by the Board of Managers. In order to obtain approval, a written scope of work must be presented to ADK Consulting Inc. for review. All contractors performing major renovations or any repair involving plumbing or electrical work must be licensed and insured in their trade, and provide ADK Consulting Inc. with valid certificates of insurance. In the event of any requested structural change, the unit owner will e required to submit an architect s or engineer s sealed drawing affirming the legality and safety of the structural change. Upon review of all materials, ADK Consulting Inc will notify the unit owner in writing whether or not the proposed renovation and/or repair has been approved. Upon approval, ADK Consulting Inc will charge a $ renovation and repair deposit fee to the Unit Owner s common charge account. Unit Owners or their Contractors must present an approval letter by ADK Consulting Inc. to the Superintendent, or they will not be allowed to perform work. Elective repair and renovation work may only be performed Monday to Friday, between the hours of 9:00 AM and 5:00 PM. Emergency repairs may be made as needed by a licensed plumber or electrician. Contractors are responsible for removal of garbage from the premises. Pending full compliance with the rules set forth in this policy, the renovation and repair deposit fee will be credited to the next months statement after completion of the project. Unit Owners forfeit their renovation and repair deposit fee if found to be non compliant. The policy exists for the safety, benefit and quality of life of all Unit Owners. It is imperative that all unit Owners adhere to this policy. Failure to follow this procedure will result in stoppage of work, and the imposition of all applicable fines. Additionally, the Board may take appropriate legal action, if necessary. Please contact Paul Koufos of ADK Consulting Inc. at (718) if you are planning any renovation or alteration.

13 AUTHORIZATION TO SEEK ADMINISTRATIVE AND JUDICIAL REVIEW OF REAL PROPERTY TAX ASSESSMENTS NAME OF CONDOMINIUM: ADDRESS: BOROUGH: Park Lane South Condominium ST Street Queens BLOCK: 9177 The undersigned, a unit owner in the Condominium authorizes the Board of Managers to retain legal Counsel on my behalf to seek administrative judicial review of the correctness of the real property tax assessment and hereby authorize the Board of Managers to accept, on my behalf any settlement offer recommended by Legal Counsel. Date: / / If Corporation or Partnership Your Position: Signature: Print Name in which Unit Title is Held: Print Additional Name: Unit #: Tax Lot: Date Unit Owner Obtained Title: / / Signature:

14 PARK LANE SOUTH CONDOMINIUM st STREET Richmond Hill, NY AUTHORIZATION TO OBTAIN CREDIT REPORT I HEREBY AUTHORIZE TENANT DATA VERIFICATION CO, INC. TO CONDUCT INQUIRIES CONCERNING ALL INFORMATION ON MY APPLICATION INCLUDING MY EMPLOYMENT, INCOME, RESIDENCE, BANKING INFORMATION AND BALANCES, AND A CONSUMER CREDIT REPORT. I UNDERSTAND THAT A FULL DISCLOSURE OF PERTINENT FACTS MAY BE MADE TO THE LANDLORD AND ANY MISREPRESENTATION BY ME MAY BE CAUSE FOR REJECTION BY THE DEVELOPMENT. APPLICANT #1: Print Name: Social Security: Current Address: City & State: Signature: Date: APPLICANT #2: Print Name: Social Security #: Current Address: City & State: Signature: Date:

15 PARK LANE SOUTH CONDOMINIUM PET OWNERSHIP AGREEMENT THIS PET OWNERSHIP AGREEMENT is made this day of, 20 _, by and between The Board of Managers of the Park Lane South Condominium, with an address c/o ADK Consulting Inc th Avenue Astoria NY (the Board and the Condominium respectively) and, with an address at Unit, st Street, Richmond Hill, New York ( Unit Owner ). WHEREAS, pursuant to the Condominium by-laws the Board is authorized to prohibit Unit Owners from harboring pets at st Street, Richmond Hill, New York (the Building ); WHEREAS, Unit Owner has asked that the Board exercise its discretion and to allow Unit Owner to harbor a dog in the unit Owner s unit; WHEREAS, the Board has conditioned its approval of Unit Owner s application to harbor a pet on the Unit Owners acceptance and acknowledgement of the terms provided herein; NOW THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and in consideration of the mutual covenants contained herein and parties hereto agree as follows: 1. The admission of dogs into the Building is subject to the Board s approval and the Board reserves the right to decide on a case by case basis which dogs may be allowed to be harbored in the Building. In order to decide upon any application for the harboring of a pet in the Building, the Board reserves the right to conduct a pet interview as a part of the application process. 2. It is understood and agreed that the Unit Owner shall harbor no more than two (2) dogs in the Unit Owner s unit at any time. 3. In order to be granted the right to harbor a pet in Unit Owner s unit, Unit Owner agrees to pay a $ registration fee for each dog and a monthly pet maintenance fee of $10.00 per dog for so long as the dog is harbored in the unit. This monthly pet maintenance fee is intended to cover the additional maintenance costs the Condominium anticipates due to the presence of the dog in the Building. 4. The Unit Owner agrees to abide by all rules and regulations presently existing, and as may be amended by the Board, governing the harboring of a dog within the Building. 5. In addition to any other rules and regulations established by the Board, the Unit Owner agrees: (a) to its dog on a leash at all times when in common areas of the Building; (b) to its curb dog away from the building; (c) to pay for any clean-up cost for accidental pet urination of defecation in the common areas (in addition to the monthly pet maintenance fee); and

16 (d) to not allow its pet to enter the Building s rear yard, side yard or laundry room at any time. 6. The Unit Owner acknowledged that the Board s permission to harbor a dog may be revoked at any time based on a breach of the terms of this Agreement or at any time should the dog prove to be a nuisance, disruptive force or danger to the Building residents. In the event that the Board should revoke its consent pursuant to the terms of this Agreement, the Unit Owner agrees to permanently remove the dog from the Building. 7. In addition to the foregoing, the Unit Owner agrees to pay to the Condominium any fine imposed by the Board for any violations of the Condominium s pet policy or rules and regulations as follows: (a) $ for any first offense act of aggression in the Building s common areas; (b) $ in the event that the dog bites a Building resident, staff member or invitee; (c) $50.00 plus any associated clean-up fees for any accidents in the common areas; (d) Additional fines will be established for breaches of dog handling rules (i.e. unleashed dogs in the Building common areas); excessive barking and other incidents on an as needed basis. 8. Unit Owner shall register its dog with the City of New York. 9. The Unit Owner shall indemnify and hold the Condominium harmless from any loss, cost or expense (including the Condominium s legal fees) incurred in connection with the Unit Owner s ownership or harboring of a dog in its Unit. Unit Owner shall pay for the defense of any such action, by the attorney s of the Board s choosing. 10. In the event that the Condominium incurs any legal fees in connection with the enforcement of the terms of this agreement, Unit Owner shall be obligated to reimburse the Condominium for the amount incurred and the amounts incurred shall be deemed to be and shall be treated as if they were outstanding common charges affording the Condominium all of the rights and remedies contained in the Condominium by-laws in connection with the non-payment of common charges. 11. Unit Owner acknowledges that the Board s approval is personal to each individual dog and does not inure to the benefit of any successor pet. WHEREFORE, this Agreement has been executed by and between the undersigned as of the date first appearing above. THE BOARD OF MANAGERS OF THE PARK LANE SOUTH CONDOMINIUM By Unit Owner Unit Owner

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