forest park owners corp - Bell Realty

For your convenience, a digital copy of this application is available as a fillable PDF on our website www.bellrealtyny.com.

Attached herewith please find the purchase/sublet application for

FOREST PARK OWNERS CORPORATION.

Kindly return the original application with one (1) copy, fully completed sets, to:

BELL REALTY 525 Northern Boulevard

Suite #300

Great Neck, NY 11021

along with a check payable to BELL REALTY in the amount of $400.00 for the application fee. The applicant must submit copies of financial information, including tax returns and W-2's, for the past two years (and any other pertinent information) as well as the required letters of reference (original letters) and a current landlord reference letter when returning the application. If more than one applicant is to occupy the unit, information and reference letters are required for each individual. A fully completed application, with additional information provided, will help expedite the process. Signatures are required where indicated. Incomplete applications will not be accepted and will be returned.

If a purchase application is submitted, a copy of the contract (and commitment letter for loan, if applicable) must also be submitted with the application package. Please Note: Applicants applying for a loan are responsible for the payment of the Co-op information processing fee of $100.00 per form completed (from banks and/or appraisers) which includes providing documents such as copies of master insurance, financials, amendments, etc. This fee, made payable to Bell Realty by bank

check or money order, must be paid before the questionnaire is completed and returned. THE MAXIMUM AMOUNT OF FINANCING PERMITTED IS 80%.

If a sublet application is submitted, a copy of the proposed sublease must be included. Shareholders are responsible for the payment of the sublet fees on approved sublets. The current sublet fee is $0.25 per share payable monthly. Shareholders must obtain Board approval for sublease renewals.

The application package will be forwarded to the Board of Directors for review. The Board of Directors will then advise us of the next step, such as the scheduling of an interview. Please allow at least three (3) weeks for the processing requirements.

Notification of approval or denial is sent in writing by BELL REALTY to the owner of record.

Also attached is a copy of the HOUSE RULES. Please read and then sign the attached acknowledgement

Please feel free to call if there are any questions:

John Vetere, Managing Agent (516) 829-7300

5 2 5 N O R T H E R N B L V D . S U I T E # 3 0 0 G R E A T N E C K , N Y 1 1 0 2 1 - 5 1 0 2

T E L : ( 5 1 6 ) 8 2 9 - 7 3 0 0 F A X : ( 5 1 6 ) 8 2 9 - 4 7 3 8

W W W . B E L L R E A L T Y N Y . C O M

http://www.bellrealtyny.com/

Tenant Screening Report Disclosure Statement

By signing below, I confirm that I have been made aware of, and understand all of the

following information related to my application, and the consumer reports, tenant

screening reports, investigative reports, criminal background search, OFAC watch list

search, sex offender registry searches, employment, banking and tenancy verifications

and any other searches that may be conducted in connection with my application.

1) The information provided by me on my application will be used to obtain a

tenant screening report, also known as a consumer report, and other such

searches as listed above.

2) The tenant screening report will be obtained from one or more of the

following sources.

1) Experian P.O. Box 9554, Allen, Texas 75013

www.experian.com

888-397-3742

2) Equifax P.O. Box 740256, Atlanta, GA 30374

www.equifax.com

877-576-5734

3) Trans Union P.O. Box 6790, Fullerton, CA 92834

www.transunion.com

800-680-7289

4) First Advantage Saferent/Core Logic Safe Rent

7300 Westmore Rd., Suite 3, Rockville, MD 20850-5223

888-333-2413

5) Fidelity Information Corporation, P.O. Box 49938,

Los Angeles, CA 90049-0978

800-501-8085

I also understand that I have the right to inspect and receive one free copy of the report by

contacting the Consumer Reporting Agency that was used to furnish the report. I further

understand that I may obtain a free report from each of the 3 national consumer reporting

agencies (Experian, Equifax and Trans Union) once annually either directly from them,

or through www.annualcreditreport.com, and that I have the right to dispute any

inaccurate information with them.

_______________________________ ________________________

Signature: Dated:

_______________________________

Printed Name:

http://www.equifax.com/

http://www.annualcreditreport.com/

COOPERATIVE STOCK PURCHASE/SUBLET APPLICATION

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A. APPLICATION TO PURCHASE/ SUBLET (Complete one for each applicant)

Date __________________ TO: THE BOARD OF DIRECTORS HEREBY REFERRED TO AS THE “CORPORATION” LOCATED AT THE ADDRESS: HEREBY REFERRED TO AS THE “LOCATION” FROM: ________________________________________________________

Applicant's name (please print) Check one: The undersigned hereby submits this Application to Purchase ____________ shares of stock in the

Corporation for apartment _________. The undersigned hereby submits this Application to Sublet Apartment __________ at the location,

shares for which are held by: ________________________________________________________________________ insert name(s) of shareholder(s)

I hereby acknowledge understanding of the following: 1. Pursuant to authority granted in the Proprietary Lease and By-Laws of the Corporation, the Board of

Directors or its authorized agents will use this application to obtain background information regarding the proposed purchaser(s) or subtenants of the Corporation's stock.

2. The Board of Directors may require additional information and will require that the applicant(s) appear

for a personal interview (and unit owner, if requested). Other persons who will reside in the apartment may also be required to appear at this interview.

3. The proposed purchase or sublet cannot be consummated without the consent of the Board of Directors. 4. I have read the Proprietary Lease and House Rules which govern the occupancy of the apartment and

agree to abide by these rules. 5. In no event will the Corporation, the Board of Directors, or its agents be responsible for any liabilities or

expenses incurred by an applicant whose application is not approved. 6. While the Board of Directors will attempt to review all applications promptly, the Corporation, the

Board of Directors, and its agents will not be responsible for expenses or liabilities resulting from any delay in the review.

7. Falsification of any of the enclosed information or omission of material information may result, without

limitation, in revocation of approval by the Board of Directors and termination of the applicant's Proprietary Lease or sublease.


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The undersigned authorizes the Board of Directors or its agents to contact any of the employers, banks, landlords, educational institutions, references, etc. described herein for information bearing upon this application. The undersigned acknowledges that, if this application is accepted, the undersigned will not, without the prior written consent of the Board of Directors:

---pledge the shares of the Corporation's stock ---make structural alterations to the apartment ---sublease the apartment ---permit non-family members to reside in the apartment for more than one month ---use the apartment for other than residential purposes ---violate any provision of the Proprietary Lease, House Rules or By-Laws

The undersigned acknowledges that the apartment is being acquired in "as is" condition. The undersigned confirms the accuracy of all information contained herein. FOR PURCHASE: FOR SUBLET: _______________________________ ______________________________ Purchaser’s Signature Subtenant’s Signature Date____________ Date_____________ _______________________________ _____________________________ Purchaser’s Signature Shareholder’s Signature Date ____________ Date______________

_____________________________ Shareholder’s Signature Date: _____________


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B. GENERAL INFORMATION QUESTIONNAIRE (Complete one for each applicant)

This application is being submitted for Purchase Sublease APT. NO. __________# SHARES_______MONTHLY MAINTENANCE $_______________ NAME OF APPLICANT: ____________________________________________________

____________________________________________________ CURRENT ADDRESS: ____________________________________________________

____________________________________________________ TELEPHONE: HOME ____________BUSINESS ___________MOBILE_____________ EMAIL ADDRESS: ____________________________________________________ EMAIL ADDRESS: ____________________________________________________ SOCIAL SECURITY NUMBER:_____________________________________________ Will the applicant reside in the unit: Yes No Emergency Contact Name: ____________________________________ Emergency Contact Telephone: ____________________________________ Emergency Contact Email Address: ____________________________________ Name(s) in which cooperative stock will be held: ______________________________ _________________________________ Names of all persons proposing to reside in apartment: Relationship Age ___________________________ ___________________ __________________ ___________________________ ___________________ __________________ ___________________________ ___________________ __________________ Will any of the above persons be a shareholder? Yes No Who?__________________________________________________________ Have they completed a Cooperative Stock Purchase Application? Yes No


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C. EMPLOYMENT HISTORY QUESTIONNAIRE (Complete one for each applicant)

Please indicate your employment history for the past ten years. If you were a student during this period, please indicate the name of the school(s), dates of attendance, and degree(s) received. Attach additional pages if necessary.

CURRENT EMPLOYER: ___________________________________________________ Address_____________________________________ Telephone_______________ YOUR POSITION:_______________________________________________________ DATES OF EMPLOYMENT: From:___________________ To:_____________________ Telephone: ________________________ Salary:__________________________ IMMEDIATE SUPERVISOR: Name:_________________________________________ Title:______________________ PREVIOUS EMPLOYER:______________________________________________________

Address___________________________________ Telephone ______________________ YOUR POSITION:________________________________________________________ DATES OF EMPLOYMENT: From:___________________ To:_____________________ Telephone: ________________________ Salary___________________________ IMMEDIATE SUPERVISOR: Name:_______________________________________ Title:_____________________ EDUCATIONAL BACKGROUND: Name of School:_________________________________________________________ Dates of Attendance: From: _____________________ To:________________________ Degree(s) Received:______________ Date:__________ Subject:____________________ Name of School:_________________________________________________________ Dates of Attendance: From: _____________________ To:________________________ Degree(s) Received:______________ Date:_________ Subject:_____________________ Professional Associations of which you are a Member:_______________________________


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D. FINANCIAL QUESTIONNAIRE (Complete one for each applicant) (If accounts are jointly held, please indicate and include on only one form.) ASSETS BALANCE Checking $_________________ Savings $_________________ IRA $_________________ Market Value Securities Describe

_____________________________________ $_________________

_____________________________________ $_________________ Real Estate _____________________________________ $_________________ Other (if you carry life insurance, please indicate in this section.)

_____________________________________ $_________________

_____________________________________ $_________________ TOTAL ASSETS $_________________ LIABILITIES Installment debts (describe) Monthly Payment Outstanding Balance ______________________ $________________ $_________________ ______________________ $________________ $_________________ Auto Loan $________________ $_________________ Make and year of vehicle _____________________________________________ Mortgages & liens $________________ $_________________ Alimony/Child Support $_____________ $_________________ Personal Loans $_____________ $_________________ Student Loans $_____________ $_________________ Other (describe) ______________________ $_____________ $_________________ ______________________ $_____________ $_________________ TOTAL LIABILITIES $__________________


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SAVINGS ACCOUNTS:

Bank __________________________________________________

Address __________________________________________________

Account Number __________________________________________________ CHECKING ACCOUNTS:

Bank __________________________________________________

Address __________________________________________________

Account Number __________________________________________________ OTHER ACCOUNTS:

Bank __________________________________________________

Address __________________________________________________

Account Number __________________________________________________ CREDIT CARDS:

Card Name ______________________ Account Number_______________

Card Name ______________________ Account Number_______________

Card Name ______________________ Account Number_______________ CO-OP/RE LOANS:

Purchase price of stock $___________ Amount financed___________________

Interest Rate:____________________ Term:______________years

Type of mortgage:

Fixed Monthly payment $___________________________

Adjustable Monthly payment first year $____________________________

Annual cap ___________% Lifetime cap__________________%


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E. PERSONAL DATA QUESTIONNAIRE (Complete one for each applicant)

PLEASE ATTACH TWO VERIFIABLE CHARACTER REFERENCE LETTERS. ORIGINAL LETTERS ARE REQUIRED ATTORNEY'S NAME_______________________________________________________ LEGAL FIRM ________________________________________________________ ADDRESS ________________________________________________________ PHONE ________________________________________________________ PLEASE ANSWER THE FOLLOWING QUESTIONS 1. Have you ever filed for bankruptcy? Yes No 1a. In what year? ______ 2. Are there any outstanding judgments against you? Yes No 3. Have you ever been party to a lawsuit? Yes No 4. Have you ever been convicted of a crime? Yes No 5. Have you ever been evicted from a residence? Yes No 6. Have you had property foreclosed upon or given title or deed in lieu thereof? Yes No 7. Will any part of your cash payment be borrowed: Yes No 8. Are you a US citizen? Yes No 8a. If you are not, what is your nationality? __________________ 8b. Please provide a copy of proof of residency with this application. 9. Do you or any member of your have diplomatic status? Yes No If you answered "Yes" to any of the above (exception: #8), please attach an explanation using as many sheets as required.


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F. AFFIDAVIT OF COMPLIANCE with OWNERS CORP. HOUSE RULES AND BY-LAWS (Complete one for each applicant and shareholder)

Date_______________________

I, ____________________________________________________________,

hereby agree to be responsible for any and all damages incurred to the common areas (hallways, entrances, stairwells, elevator) at the location which is a direct result of my moving into/out of the building.

Should any damage result, I agree to pay for all repairs necessary to the satisfaction of the Board of Directors.

I further agree to comply with all conditions set forth in the Proprietary Lease, By- Laws and House Rules established by the Owners Corp. _____________________________ _______________________________ Purchaser’s Signature Purchaser’s Signature Date _____________ Date_____________ _____________________________ _______________________________ Seller/Shareholder Signature Seller/Shareholder Date _____________ Date__________ _____________________________ _______________________________ Subtenant’s Signature Subtenant’s Signature Date _____________ Date___________

Forest Park Owners Corp House Rule Acknowledgement

I (we) __________________________________________have read and understood the House Rules of the above reference Co‐op and agree to abide by the rules of the Co‐op. _____________________________ _______ Signature Date

______________________________ ________ Signature Date

Forest Park Owners Corp. House Rules

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HOUSE RULES FOREST PARK OWNERS CORPORATION

As approved at a Meeting of the Board

of Directors held on August 15, 2011,

revised July 18, 2013.

Table of Contents

1. Creation and Purpose of House Rules 2

2. No Obstruction of Public Spaces and Passageways 2

3. Smoking 2

4. Falling or Thrown Objects and Refuse

3

5. Trash and Garbage 3

6. Awnings, Projections and Signs 3

7. Air Conditioners 4

8. TV Antenna 4

9. Decorations in Hallways 4

10. Conservation 4

11. Purchasing 4

12. Maximum Occupancy Standards 5

13. Co-Residents 5

14. Moves and Large Deliveries 5

15. Disturbances 5

16. Construction 6

17. Storage 6

18. Work by Lessor's Employees 6

19. Laundry Room 6

20. Courtyard 7

21. Water Closets 7

22. Plumbing and Radiator 7

23. Washing Machine 7

24. Clean Windows; Displays 8

25. Vermin 8

26. Messengers and Trades people 8

27. Elevators 8

28. Dogs and Other Animals 8

29. Clean Up of Spills, etc 9

30. Guests 9

31. Subletting 9

32. Emergency Contact Information 9

33. Maintenance Payments 10

34. Complaints 10

35. Revocable Consent 10

36. Fines, Deposits, Charges and Impositions of any Nature 10


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1. Creation and Purpose of House Rules. In addition to its Proprietary Lease (the “Lease”), Forest Park

Owners Corporation (the “Corporation”) has adopted the House Rules set forth hereinafter for the safety,

care, cleanliness and appearance of the Corporation and for the common good of all Shareholders and other

permitted residents of the Building.

(a) These House Rules may be added to, amended or repealed at any time by resolution of the Board of

Directors (the “Board”) of the Corporation, and such addition, amendment or repeal shall become effective

once approved by the Board. Written notice will be sent to all of the Shareholders of the Corporation.

(b) The Board may, from time to time, set such fees as it deems reasonable and proper, and such fines as it

deems reasonable and proper, to further the observance of the House Rules. Such fees and fines shall be

collectible hereunder as additional rent.

(c) The Shareholders as stated in the Stock Certificate and in the Lease, must comply with the House Rules

of the Corporation and see that they are faithfully observed by the Shareholders invitees, licensees,

employees, agents, contractors and subtenants and others as are permitted to co-reside in the apartment with

the Shareholders. Breach of a House Rule by any of these parties shall be subject to default under the Lease.

(d) The Corporation shall not be responsible or liable to the Shareholders and or the Building residents for

the nonobservance or violation of these House Rules by any other Shareholder or Building resident.

2. No Obstruction of Public Spaces and Passageways.

(a) The public halls and stairways of the Building shall not be obstructed or used for any purpose other than

ingress to and egress from the apartments in the Building.

(b) Fire escapes are for an express exit by residents and will not be used for entrance into any apartment by

anyone except emergency personnel e.g. medics, police, firemen.

(c) Children and adults shall not play or loiter in the public halls, courts, stairways, elevators, laundry room,

or on the roof. Children under the age of 14 must be supervised in the courtyard.

(d) No article shall be placed in the halls or on the staircase landings or elevators. Nor shall anything be

hung or shaken from the windows, roofs, windowsills, ledges, or fire escapes, of the Building.

(e) No mopeds, motorcycles, bicycles, scooters, strollers, baby carriages, or other wheeled items shall be

allowed to stand in public halls, passageways, areas, or the courtyard of the Building. No articles can be

placed on the outside of the windowsills.

(f) Graffiti and/or vandalism shall not be tolerated and will be deemed a violation of this rule. The cost of

removal shall be borne by the Shareholder in whose unit the perpetrator resides or was invited.

3. Smoking.

No smoking in any public hallway, stairwell, elevator, landing, laundry room, or a public area in the

Building.

4. Falling or Thrown Objects and Refuse.

The Shareholders and/or Building residents shall not allow anything to fall from the fire escapes, windows,

or doors, of their apartment, nor shall the Shareholders and/or Building residents permit any dirt or other

substance to be swept, placed, or thrown into any of the corridors or halls, elevators or any other public


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spaces in the Building or the courtyard.

5. Trash and Garbage.

Garbage and refuse from the apartments shall be disposed of only in such manner as the superintendent or

the managing agent of the Corporation may direct. It is required of all Shareholders and/or Building

residents to recycle garbage in the proper receptacles in a manner compliant with applicable law.

The City of New York has passed a mandatory refuse-recycling program that affects Queens. Please consult

the posters placed in the trash room for the most up to date recycling rules.

Shareholders are responsible for the proper disposal of garbage. All garbage must be placed in securely tied

bags. Garbage is never to be left in the hallways.

For bulk items, including but not limited to furniture, TV’s, and appliances that are predominantly metal,

please see the Superintendent for proper instructions on how to dispose and proper way to dispose.

Please note, before discarding appliances containing CFC gas or Freon (such as refrigerators, freezers, air

conditioners, or dehumidifiers), you must speak with the Superintendent to arrange pick up from the

Department of Sanitation CFC recovery. For safety reasons, the law requires doors to be removed from

refrigerators and freezers before placing at the curb. See the Superintendent for further instructions.

Mattresses and Box Springs- To combat bed bugs, any person disposing of mattresses and/or box springs

must fully enclose these items within a sealed plastic bag before removing from their apartment and see the

Superintendent for further instructions.

Any debris from construction activity is the responsibility of the Shareholder to cart away separately at their

own expense and may not be commingled with household trash/recycle items in the trash area.

6. Awnings, Projections and Signs.

(a) No awnings or ventilators shall be used in or about the Building except such as shall have been expressly

approved in writing by the Corporation or the managing agent, nor shall anything be projected out of any

window of the Building without similar approval.

(b) No sign, notice, advertisement, or illumination shall be inscribed or exposed on or at any window or other

part of the Building, except such as shall have been approved in writing by the Corporation or the managing

agent.

(c) No awnings, blinds, shades or screens shall be attached to, or hung in, or used in connection with any

door of the Apartment without prior written consent of the Corporation or its managing agent. .

7. Air Conditioners.

All air conditioners must be approved by the Board and installed by a licensed professional contractor. All

air conditioners whether they are used seasonally and removed and stored in winter or left in the windows all

year round, must follow the installation guidelines below. Air conditioners found not to be in compliance

may be removed by the Corporation at the Shareholder’s sole expense. Shareholders are not allowed to

install “in-wall” air conditioners.

Installation Guidelines:

- Follow the manufacturer’s instructions included with the unit.


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- Make sure the unit is installed securely. Support the A/C unit from underneath or firmly fasten it from

inside with angles. Metal brackets, mounting rails etc. may be used for a safe installation.

-Supporting metal brackets, interior angles, etc. should be structurally fastened to the building envelope and

are to be strong enough for the size and weight of the A/C unit.

-Objects utilized to adjust position (for example, shims) of the A/C unit must have an independent source of

fastening or attachment.

-Secure leveling objects in order to prevent movement and shifting due to vibration from the A/C unit and

wind and weather conditions.

-Install the A/C so that it remains in place when the window is opened and or affix it so that the window

cannot be opened accidentally.

-Tilt the unit slightly to provide water drainage; however, do not over tilt.

Avoid:

-DO NOT USE loose objects, such as wood blocking, to support the leveling of the A/C unit.

-DO NOT USE bricks, telephone books, gypsum board or cans for leveling under the A/C unit.

-DO NOT BLOCK fire escape windows or any other exit with and A/C unit.

-DO NOT PLACE anything (TV antennae, satellite dishes, plants etc.) on top of an A/C unit.

8. TV Antenna.

No radio or television aerial, antenna, dish or cable shall be attached to or hung from the exterior of the

Building, including the roof.

9. Decorations in Hallways.

No public hall above the ground floor of the Building shall be decorated or furnished by any Shareholder or

Building resident in any manner, without the prior written consent of all the Shareholders to whose

apartments such hall serves a means of ingress and egress; in the event of disagreement among such

Shareholders then the Board shall decide, in its sole discretion, whether to permit such hall decorations

10. Conservation.

The Shareholders and Building residents shall use best efforts to conserve consumption of water, electricity

and gas in order to keep common costs down. The Shareholders and Building residents shall promptly report

to Corporation’s managing agent, or to emergency maintenance staff on weekends, any leaking faucets,

running toilets or other problems relating to water, gas and electricity, so that repairs can be promptly made.

11. Purchasing and Refinancing

The Corporation requires at least 20% equity investment by the purchasing Shareholder at time of purchase.

The amount of any subsequent refinancing secured by a pledge of the shares allocated to the specific

apartment and the Lease appurtenant thereto shall not exceed 80% of the fair market value of the apartment

unit at the time of such refinance.

12. Maximum Occupancy Standards.

The Board may establish and vary, from time to time, and the Shareholders and Building residents shall

comply with, maximum occupancy standards for the apartments in the Building. The requirements are as

follows: 1 Bedroom = 3 people, 2 Bedroom = 5 people, 3 Bedroom = 6 people.

13. Co-Residents.

The Shareholders and Building residents shall not, without the prior written consent of the Corporation on

such conditions as the Corporation may prescribe, occupy or use the apartment or permit the same or any

part thereof to be occupied or used for any purpose other than as a private dwelling for the Shareholders


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and/or Building residents and members of the Shareholders and/or Building residents’ family, but no

apartment may be occupied by more than one family at a time without the written consent of the Corporation

As used herein, members of the family shall be limited to spouse, parents, children, parents in law, brothers,

sisters, grandchildren or no more that three persons unrelated by blood or marriage. The term “spouse” as

used herein shall also include a member of the same or opposite sex with whom the Shareholders and/or

Building residents actually resides. In addition to the foregoing, the apartment may be occupied from time to

time by guests of the Shareholders and/or Building residents for a period of time not exceeding one month,

unless a longer period is approved in writing by the Corporation, but no guests may occupy the apartment

unless one or more of the permitted adult residents are then in occupancy or unless consented to in writing by

the Corporation.

14. Moves and Large Deliveries.

Moves in or out and large deliveries shall take place only between Mon-Fri from 8AM to 5 PM, or on

Saturday from 11AM-6PM. There is a move in/out deposit. Shareholders and/or Building residents need to

notify management and superintendent of move 5 days in advance. Special allowances will be made for

weekend moves due to religious reasons. If a professional moving company is hired, insurance certificates

must be approved in writing prior to scheduling, which certificate must name the Corporation and the

Corporation’s managing agent as additional insured.

15. Disturbances.

(a) Shareholder may not make, or allow to be made, any disturbing noise in their apartment or anywhere else

in the building or do or permit anything to be done which will interfere with the rights, comfort, or

convenience of the other shareholders or tenants. No shareholders and tenants shall play upon or suffer to be

played upon any musical instrument or permit to be operated a stereo, radio, or television loudspeaker in

such shareholders and tenants’ apartment between the hours of 11:00 PM and the following 8:00 AM if the

same shall disturb or annoy other occupants of the building.

(b) It is strongly recommended that the floors of each apartment be covered with rugs or carpeting and

padding or equally effective noise reducing material, to the extent of at least 80% of the floor area of each

room including hallways. Rugs and carpeting should be sufficiently padded. The exceptions to this

recommendation are kitchens, bathrooms, closets, and entrance foyers. However, if a noise complaint is

filed with the board or the management company the shareholder of the apartment found to be excessively

noisy will be inspected for proper floor coverings and it will become a requirement rather than a

recommendation to have 80% of the apartment carpeted.

(c) Shareholders shall not permit unreasonable cooking or other odors to escape into the building.

16. Construction.

(a) No construction or repair work or other installation involving noise shall be conducted in any apartment

except weekdays (not including legal holidays) and only between the hours of 8:00 AM and 5:00 PM or

Saturdays between the hours of 11AM and 6 PM.

(b) Shareholders and/or Building residents must obtain prior written approval from the Corporation for any

type of renovation, alteration, or any type of installations performed by anyone other than the Shareholders.

Should a Contractor be used to perform any type of renovation or installation, the Shareholders must submit

an alteration agreement, which can be obtained from management. Plans and scope of work for renovations

must be submitted to management office and be approved by the Board prior to the start of work. The

contractor must submit proof of required insurance naming the Corporation and the management company as

additionally insured. No work shall be commenced unless the Corporation has approved the same and that


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all forms have been duly completed and all certificates of insurance delivered to the Corporation in the

manner required by the Corporation. In addition, a security deposit established by the Board shall be paid to

the Corporation by the Shareholder. Any permits from any governmental authorities must have proper

signoff of permits before security deposit is returned. Failure to obtain proper signoff may result in fines and

inability to transfer shares until such signoff takes place.

During the construction process all construction debris must be placed in bags and sealed prior to removal

from the apartment. The contractor performing work should then remove bags from the Building.

Any demolition should be contained to the work area. The area must be contained so that dust and debris do

not escape from the area. Plastic or other impermeable material and tape must be used as appropriate to seal

off doors to help prevent dust or debris from getting outside the work area.

Workers should clean hallways and elevators for any debris or dust that may be a result of their demolition at

the end of each workday. Failure to clean appropriately may result in fines.

If the elevator is to be used, the Superintendent must be notified in advance to place proper

padding/protection in the elevator.

A damage deposit of $500 is required before approval of renovation/construction. Failure to comply with all

of the above will result in an automatic fine of $500.

17. Storage.

The Corporation shall have the right from time to time to curtail, terminate, suspend or relocate any space

devoted to storage.

18. Work by Lessor's Employees.

No Shareholders and/or Building resident shall send any employee of the Corporation out of the Building on

any private business of and Shareholders and/or Building residents during employees’ hours of operation.

19. Laundry Rooms.

(a) All clothes will be removed out of the machine in a timely manner.

(b) The Corporation shall have the right from time to time to curtail or relocate any space devoted to laundry.

20. Courtyard.

The Courtyard may be used by the Corporation, Shareholders and/or Building residents, other residents, and

their invitees for meetings and social gatherings in accordance with rules and regulations and any fees

established by the Corporation. Such use may be curtailed or withdrawn without in any manner affecting the

Shareholders and Building residents’ obligations. The courtyard may be rented for the day by any

Shareholder for the fee of $40, payable to the Corporation, which will be donated to the flower fund. A day

constitutes 8 AM to 9 PM Monday to Thursday, and 9 AM to 11 PM Friday to Sunday. All Shareholders

must clean up after their parties or arrangements can be made for the Superintendent to clean up for a small

fee. All Shareholders may use the grill, when it is pulled away from the wall, and must be cleaned after each

use. No personal grills allowed in the courtyard. For grilling, there is only one grill available on a first come

first serve basis. For gathering purposes, the courtyard must be reserved with the Board at least 2 weeks in

advance. , The maximum number of people permitted to gather in the courtyard at any one time shall be 50.

21. Water Closets.


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Water closets (toilet) and other water apparatus (sink) in the building shall not be used for any purposes other

than those for which they were constructed, nor shall any sweeping, rubbish, rags, or any other article be

thrown into the toilet or sink. The Shareholders and Building residents in whose apartment it shall have been

caused shall pay for the cost of repairing any damage resulting from misuse of any toilet or sink.

Jacuzzis and bath-fitters are not permitted in shareholder units.

22. Plumbing and Radiator.

All leaks must be reported to the superintendent immediately, who will supervise, or by arrangement with

the Shareholder, repair the identified leaks effecting common areas and or other Shareholder units.

23. Washing Machines.

(a) No washer/dryer will be allowed in any apartment.

(b) Existing washers and dryers, installed in an apartment Unit prior to the date of the enactment of these

House Rules, shall be grandfathered in and may continue to be used for their designed purposes, subject to

the terms hereof. They must be removed, however upon change of occupancy due to sublet of the apartment

or transfer of shares.

(c) The following applies to all currently existing or “grandfathered” washing machines:

-Every machine must have a permanent hook up with check valves on both hot and cold water lines and

proper drainage hook-up.

-Any damage due to backup or overflow of water into another unit or common area is the responsibility of

the Shareholder whose machine has backed up.

-The Corporation has the right to have washing machine inspected and the hook ups inspected on demand. If

it is not in compliance, the machine will be disconnected until it is brought up to the proper standard. It is

the responsibility of the Shareholder to comply with proper standards. The Corporation may charge the

subject Shareholder for the cost of the inspection when necessary.

-If neighbors in the same apartment line above or below have complaints on the temperature of their water,

Shareholders with washer machines may be required to disconnect their machines until the source of the

problem is detected (or to permanently disconnect the same of it is determined that the Shareholder’s

washing machine is indeed the source of such problems).

24. Clean Windows.

The Shareholders and Building residents shall keep the windows of the apartment clean. In case of refusal or

neglect the Shareholders and Building residents during ten (10) days after notice in writing from the

Corporation or the managing agent to clean the windows, such cleaning may be done by the Corporation,

which shall have the right, by its officers or authorized agents, to enter the apartment for the purpose and to

charge the costs of such cleaning to the Shareholder.

25. Vermin.

The agents of the Corporation, and any contractor or workman authorized by the Corporation, may enter any

apartment at any reasonable hour of the day for the purpose of inspecting such apartment to ascertain

whether measures are necessary or desirable to control or exterminate any vermin, insects, or other pests and

for the purpose of taking such measures as may be necessary to control or exterminate any such vermin,

insects or other pest. If there is an extra cost for exterminating due to a specific Shareholder use of the

apartment the Board may assess the at fault Shareholder for such additional cost.

26. Messengers and Trades people.


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All messengers and trades people shall use such means of ingress and egress as shall be designated by the

Corporation.

27. Elevators.

There shall be no interference in the operation of the elevators by the Shareholders and Building residents or

the Shareholders’ and Building residents’ invitees, licensees, employees, contractors, subtenants and co-

residents. Use of the elevators in connection with construction or other work done by or for the Shareholders

and Building residents in the Apartment, or moves in or out, or large deliveries to or removals from the

Apartment, shall be subject to such rules and regulations as the Board may, from time to time, establish. The

superintendent must be notified before deliveries of large objects and moves. Any damage or defacing of the

elevator by the Shareholders and Building resident will be repaired at the Shareholders expense.

28. Dogs and Other Animals.

(a) Only domesticated animals are allowed to be harbored in the Building upon written permission from the

board of directors. No dog or other animals shall be permitted on the common area except on the sidewalks

and walkways while on a leash and proceeding to and from the street. At no time shall any pet be permitted

to urinate or defecate on the sidewalk, walkways, grassy area, or within the hallways, stairwells, or elevators

in the building. All animal waste is to be disposed of in accordance with municipal regulations. Violations

of the above shall subject the shareholders to an assessment of $50 to be imposed as additional rent.

Subsequent violations shall carry and assessment of $75 to be imposed as additional rent. Continued

violations may result in the termination of the Proprietary Lease.

(b) The Shareholder in whose apartment the pet resides shall be responsible for any acts performed by such

animal and hereby indemnifies and holds harmless the Corporation, the Board and the Corporation’s

managing agent from any and all claims, actions, or legal exposure arising from the acts of any such pet.

29. Clean up of spills, etc.

Neither the Shareholder nor any other Building resident, nor any person residing in the Apartment nor any

employee, guest or invitee of the shareholders or of any person residing in Apartment shall spill, drop,

scatter, place or leave dirt, debris or other unsightly or objectionable liquids or materials in any portion of the

public areas of the building or courtyard. Shareholders and Building residents shall promptly clean up all

such dirt, debris or unsightly or objectionable materials or liquids accidentally spilled, dropped, scattered,

placed or left in any portion of the public areas of the Building or courtyard by the Shareholders and

Building residents or by any person residing in the Apartment or any employee, guest or invitee of the

Shareholders and Building residents. The Shareholder shall be responsible for cleaning up and the

superintendent shall be notified of any spills that may have occurred to ensure that it does not cause

permanent damage.

30. Guests.

The right of Shareholders and Building residents to have guests in the Apartment is subject to the provisions

in the Lease and shall expressly exclude paying guests and shall not entitle Shareholders and Building

residents to operate a boarding house, rooming house or bed-and-breakfast or any similar enterprise in the

Apartment. All permitted guests need to follow same rules as Shareholders.

31. Subletting.

The Board shall consider applications to sublet a particular apartment unit provided the following conditions

are satisfied:

(a) Shareholder that wishes to sublease their unit must comply with the following:


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I. Shareholder must have owned and resided in the apartment for at least 12 consecutive months before

initially applying for a subleasing application.

II. Prospective subtenant(s) are subject to Boards approval after reviewing a complete application and

submittal of all application fees.

III. Only those approved, in writing, by the Board may occupy the apartment through out the term.

IV. The Board reserves the right to revoke or withdraw any approval given, upon sublease expiration.

(b) Any shareholder of record who sublets in his/her apartment will incur a monthly sublet surcharge fee of

.25 per share.

(c) A fee of $500 per month will be charged as additional rent to any Shareholders who sublet their

apartment without prior Board approval. In addition, the Shareholders and Building residents will

automatically be referred to legal counsel for legal action in terminating the Lease. Furthermore, the

Shareholders will be subject to all legal fees incurred by the Corporation.

32. Emergency Contact Information

The Shareholders and Building residents shall provide the Corporation and the Corporation’s managing

agent with a telephone number where the Shareholders and Building residents may be reached at home and

at the Shareholders and Building residents’ place of business, or a cellular number.

The superintendent must have access to all apartments in case of an emergency. All Shareholders must

provide superintendent with a set of keys to their unit or make provisions in some other way to provide

access. If an emergency occurs and there is no access to the apartment the door will be removed and /or

opened and Shareholder will incur cost of removing and or opening the door.

33. Maintenance Payments.

Maintenance is to be paid no later than the 15th

of each month. A late fee of $75 will be added to the

Shareholder’s bill if payment is not received by the 15th

. If non-payment of maintenance results in the

commencement of legal proceedings, by the Corporation, then the Shareholder shall be responsible to pay

any and all costs and legal fees incurred by the Corporation arising there from.

34. Complaints.

Complaints regarding the service of the Building shall be in writing to the managing agent of the

Corporation.

35. Revocable Consent.

Any consent or approval given under the House Rules by the Corporation shall be revocable at any time

upon any violation or non-compliance with any condition to such approval or consent or violation or non-

compliance with any Lease provision or House Rule.

36. Fines, Deposits, Charges and Impositions of any Nature. The amounts, frequencies and impositions of fines, charges and/or security deposits, as may have been

provided hereinbefore, may be changed by the Board from time to time, in the Board’s sole discretion.

NOTICE To All Shareholders of FOREST PARK OWNERS CORP. 115-25 Metropolitan Avenue Kew Gardens, New York 11418 For any work required in any and all units in the Forest Park Owners Corp. that involves an outside contractor, Board of Directors notification/approval is required. Please see the attached. This form must be submitted to the managing agent for Board of Directors approval prior to the commencement of any work to be accomplished by any outside contractor. Failure to comply with this requirement will result in an immediate halt to any work that is discovered to be underway and the work stoppage will remain in effect until these forms are completed, submitted, and approved. Any and all legal measures will be undertaken to prevent outside contractors from performing unapproved work within the Forest Park Owners Corp. This approval process is required for the protection of the shareholder engaging the contractor and for the protection of your neighbor shareholders as well. Board Approval of outside contractor related work to be performed within individual apartments will be strictly enforced. This document shall serve as official notice of this requirement. All responsibility for adherence to this policy is strictly placed with the shareholder of record as indicated on the Forest Park Owners Corp. Stock Certificate for the apartment unit. The Forest Park Owners Corp. will not be held responsible for any loss associated with work stoppage related to enforcement of this policy.

Board of Directors FOREST PARK OWNERS CORP.

Bell Realty, Agent Dated: February 2, 2009

Date: _______________________

Board of Directors

Forest Park Owners Corp.

115-25 Metropolitan Avenue

Kew Gardens, NY 11418

Re: Proposed Alteration and Improvement to

Unit ____ (the “Unit) at 115-25

Metropolitan Avenue, Kew Gardens, NY

11418 (the “Building”)

Request of Permission from the Board of

Directors (the “Board”) of the Forest

Park Owners Corp. (the “Forest Park”)

Dear Board Members:

The undersigned hereby request the Board’s permission to make the following alterations

and improvements (collectively, the “Improvements”) to the Unit: (briefly describe

proposed Improvements and attach a copy of the preliminary floor plan and scope of

work)

Any grant of permission shall be conditioned upon the following:

1. That the Improvements shall be performed by a professional Contractor (the

“Contractor”), duly licensed by the City of New York. We shall provide a

copy of such license to the Board;

2. That the Contractor shall maintain appropriate levels of insurance including,

without limitation, Workmen’s Compensation Insurance and Comprehensive

Public Liability and Property Damage Insurance (“Liability Coverage”), with

coverage acceptable to the Board. Further, the Liability Coverage shall name

Forest Park Owners Corp. and the managing agents as additional insures.

Evidence of such insurance shall be delivered to the Board prior to the

commencement of the Improvements.

3. That the Contractor (i) shall perform such Improvements in a good and

workmanlike manner, (ii) perform such work only during the hours between

9am and 5pm (except that no work shall be performed on Saturdays, Sundays

or holidays), and (iii) shall remove all debris from the Unit and the Building

and take appropriate steps to minimize any disturbance (noise, dust, vibration,

etc.) attributable to the performance of such work. Forest Park Owners Corp

reserves the right to assess the shareholder fines for the breach of any

provision of the House Rules or to cover the cost of any additional cleaning

and/or repair or replacement to any portion of the common areas of the

building resulting from the work. The amount of such fine will be

determined by the Board of Directors.

4. That all work to be performed by the Contractor must comply with all

applicable law.

5. That the undersigned indemnify and hold Forest Park Owners Corp., the

Board and the managing agent harmless from and against any damage to the

Building and its mechanical, plumbing and/or electrical system which may

result or be attributable to the work being performed by the Contractor.

6. That prior to the commencement of work, the undersigned shall obtain Coop

Homeowners Insurance, which shall include Workman’s Compensation,

Bodily Injury and Property Damage Insurance. The insurance shall continue

to be maintained for at least one year following the execution of this letter

agreement and shall name Forest Park Owners Corp. and its managing agent

as additional insures.

7. That the undersigned shall bear the entire cost of the Improvements and pay

all bills incurred therewith in a timely fashion. Further we will cause any

mechanics liens filed in connection with the Improvements to be discharged

within ten (10) days of the filing of the same. If we fail to do so, you may

exercise all of your rights and remedies under the proprietary lease.

8. That we recognize and acknowledge that by granting consent to the proposed

Improvements you do not profess to express any opinion as to the design,

feasibility or efficiency of such work.

9. That the failure by the undersigned to comply with the provisions of this letter

agreement shall be deemed a breach of the provisions of the proprietary lease,

pursuant to which your consent has been granted, and in addition to all other

rights, you may suspend all work and prevent workmen from entering the Unit

for any purpose other then to remove their equipment.

This letter agreement shall serve to set forth my proposal to make the subject

Improvements to the Premises and to comply with each and every condition set forth

above. Kindly evidence your approval to the same by signing below where indicated.

Very truly yours,

____________________________________

Name of Shareholder:__________________

____________________________________

Name of Shareholder:__________________

Unit Number:

Approved this ___ day of

_______, 200_.

Forest Park Owners Corp.

By:________________________

Name:

Title:

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