FOR INFORMATIONAL USE ONLY.    CONTACT MANAGEMENT OFFICE FOR OFFICIAL DOCUMENTS.

By-Laws
Of
Regents Park Gardens Condominium
  Kew Gardens Hills, New York

Section 1. Minutes and Financial Records.  The Board of Managers shall keep detailed records of the action of the Board, minutes of the meetings of the Board, minutes of the meetings of the Unit Owners, and financial records and books of account of the Condominium, including a chronological listing of receipts and expenditures, as well as a separate account for each Unit which, among other things, shall contain the amount of all assessments of Common Charges against each Unit, the date such assessments are due, the amounts paid thereon, and the balance remaining unpaid. Such records and the vouchers authorizing the payments shall be available during regular business hours for examination by the Unit Owners.

Section 2. Annual Reports.  An annual report of the receipts and expenditures of the Condominium, audited by an independent certified public accountant, shall be rendered by the Board to all Unit Owners and to all mortgagees of Units who have requested the same, within four (4) months after the end of each fiscal year. The cost of such report shall be paid by the Board as a Common Expense.

Section 3. Floor Plans and Other Documents.  True copies of the floor plans, the Declaration, the By-Laws and Rules and Regulations, amendments thereto and resolutions and decisions adopted pursuant thereto, shall be kept on file in the office of the Board and shall be available during regular business hours for inspection by persons having an interest.

ARTICLE IX. Miscellaneous.

Section 1. Notices.  All notices hereunder shall be sent by registered or certified mail to the Board of Managers at the office of the Board or to such other address as the Board may hereafter designate from time to time by notice in writing to all Unit Owners and to all mortgagees of Units. Notices to a Unit Owner shall be sent by registered or certified mail to the Building in which he resides or to such other address as may have been designated by him from time to time, in writing, to the Board Notices to mortgagees of Units shall be sent by registered or certified mail to their respective addresses, as designated by them from time to time, in writing, to the Board.

All notices shall be deemed to have been given when mailed, except notices of change of address, which shall be deemed to have been given when received.

Section 2. Invalidity.  The invalidity of any part of these By-Laws shall not impair or affect in any manner the validity, enforceability, or effect of the balance of these By-Laws.

Section 3. Captions.  The captions herein are inserted only as a matter of convenience and for reference, and in no way define, limit, or describe the scope of these By-Laws, or the intent of any provision thereof.

Section 4. Gender.  The use of the masculine gender in these By-Laws shall be deemed to include the feminine gender and the use of the singular shall be deemed to include the plural, and vice versa, whenever the context so requires.

Section 5. Waiver.  No restriction, condition, obligation, or provision contained in these By-Laws shall be deemed to have been abrogated or waived by reason of any failure to enforce the Same, irrespective of the number of violations or breaches thereof which may occur.

Section 6. Defined Terms.  Any defined or capitalized term whose meaning is not set forth herein shall have the meaning ascribed to it in the Plan, unless the context otherwise requires.

ARTICLE X. Amendments to By-Laws.

  Except as hereinafter provided otherwise, these By-Laws may be modified or amended by a duly recorded amendment to the Declaration upon the approval of 66-2/3% in number and in Common interest of all Unit Owners and the written approval of the holders of a majority of the first mortgages on Units, unless the amendment would eliminate or modify or otherwise affect any rights or privileges of the Sponsor or its designee, in which event the prior written consent of the Sponsor or its designee shall be required.

Notwithstanding anything to the contrary herein contained, no provision of these By-Laws relating to the use of Units may be amended without the consent of every Unit Owner affected by such amendment.

ARTICLE XI. Conflicts.

  These By-Laws are set forth to comply with the requirements of Article 9-B of the Real Property Law of the State of New York, In case any of these By-Laws conflict with the provisions of the statute or of the Declaration, the provisions of the statute or of the Declaration, as the case may be, shall control.

If any of these By-Laws shall conflict with any term or provision of the Offering Plan then the term or provision of the Offering Plan shall control, For the purposes of these By-Laws, the term "Offering Plan" shall mean the Offering Plan to convert the Premises to Condominium Ownership which was filed with the Department of Law of the State of New York on March -, 1986.

RULES AND REGULATIONS

Section 1.  The sidewalks, entrances, driveways, stairways and halls shall not be blocked by any Unit Owner or be used for any purpose other than for entering and exiting from the Units and for making and receiving deliveries.

Section 2.  The water closets and plumbing fixtures shall nor be used for any purposes other than for the purposes for which they were designed or built. And no washing machines, whether affixed to the plumbing or "portable" shall be allowed in any of the Units. Unit Owners shall be held liable for any damages, including consequential damages, caused by a breach of this rule and regulation. No sweepings, rubbish bags, acids or other substances shall be placed in the water closets or plumbing fixtures. A Unit Owner shall be responsible to the Condominium for any breakage or stoppage and any damage resulting from disobeying this rule by the Unit Owner or by any lessee of the Unit Owner.

Section 3.  No carpet, rug, or other article shall be hung or shaken out of any window of the Buildings, and no Unit Owner shall sweep or throw or permit to be swept or thrown any dirt, garbage or other substances out of the windows or in to any of the halls. In addition, no Unit Owner may place any articles out side of the Unit or out side the Buildings except in safe containers and only at the places chosen by the Condominium. No stairways or hallways shall be blocked, in any manner, by the property of any Unit Owner or that of any lessee of a Unit Owner.

Section 4.  No baby carriages or bicycles or other property of any Unit Owner shall be allowed to stand in the halls, passageways or public areas of the Buildings.

Section 5.  Children shall not play in the public halls or stairways.

Section 6.  The laundry rooms and the equipment in the laundry rooms shall be used in such manner and at such times as the Board may direct. Unit Owners shall not dry or air clothes on the roof or on any fixture attached to a Unit window and no gas or electric dryers shall be permitted in any of the Units and no washing machines shall be permitted in Units as described in paragraph 2 above.

Section 7.  The Board or the Managing Agent may retain a pass-key to each Unit. If any lock is altered or a new lock is installed, the Board or the Managing Agent shall be provided with a key thereto immediately upon such alteration or installation. If a Unit Owner is not personally present to open and permit entry to his or her Unit at any time when an entry therein is necessary or permissible under these Rules and Regulations or under the by-laws, and has not furnished a key to the Unit to the Board or the Managing Agent, then the Board or the Managing Agent or their agents (but, except in an emergency, only when specifically authorized by an officer of the Condominium or an officer of the Managing Agent) may forcibly enter such Unit without liability for damages or trespass by reason thereof. Such exemption from liability shall not apply, if during such entry, reasonable care is not given to such Unit Owner's property.

Section 8.  No Unit Owner shall make or permit any disturbing noises, in the Buildings, to be made by himself, his family, guests, employees, or visitors, nor shall a Unit Owner do or permit anything to be done by such persons that will interfere with the rights, comforts, or convenience of other Unit Owners nor use his Unit for any illegal or offensive purpose. No Unit Owner shall play upon, or allow another person to play upon, any musical instrument or operate or allow to he operated a phonograph or radio, television receiver or any instrument in the Unit if it shall disturb or annoy any other occupant of the Buildings.

Section 9.  No aerial may be erected on the roof or exterior walls of the Buildings without the written consent of the Board.

Section 10.  No Unit Owner shall keep any birds, reptiles, or animals of any kind in his Unit, unless in each instance the Unit Owner has received, in writing, the Board's express consent to the harboring of any bird, reptile, or animal. Such consent, if given, shall be revocable at any time by the Board for good cause.

Section 11.  No awnings, or other projections shall be attached to the outside walls of the Buildings and no blinds, shades or guards, or signs, shall be attached to or hung in, or used in connection with any window or door of the premises without the prior written consent of the Board. No plantings may be installed in or about the Buildings without the prior written approval of the Board.

Section 12.  The Unit Owner and Unit Owner's family, guests, servants, employees, agents, visitors, or licensees shall not at any time or for any reason whatsoever enter upon or attempt to enter upon the roof of any of the Buildings except when required to do so in an emergency.

Section 13.  The storage rooms of the Buildings, if any, shall be used common by the Board and the Unit Owners and only for the purpose and in the manner prescribed by the Board.

Section 14.  There shall be no barbecuing in the Units or in the Common Elements.

Section 15.  Unless expressly authorized by the Board in each instance, not less than eighty percent (80%) of the floor area of each Unit ( excepting only kitchens, pantries, bathrooms, closets and foyers ) must be covered with rugs, carpeting, or other equally effective noise-reducing material.

Section 16.  All radio, television, or other electrical equipment of any kind or nature installed or used in each Unit shall fully comply with all rules, regulations, requirements, or recommendations of the New York Board of Fire Underwriters and the public authorities having jurisdiction. The responsible Unit Owner alone shall be liable for any damage or injury caused by any radio, television, or other electrical equipment.

Section 17.  Each Unit Owner shall keep his or her Unit in a good state or preservation, condition, repair, and cleanliness in accordance with the terms of the by-laws.

Section 18.  Subject to the terms of any lease then affecting the Garage Unit, the agents of the Board or the Managing Agent and any contractor or workman authorized by the Board or the Managing Agent may have access to any Unit at any reasonable hour of the day, on at least one day's prior notice to the affected Unit Owner, as may be necessary to control or exterminate any such vermin, insects or other pests in the Building. However such entry inspection and extermination shall be done in a reasonable manner so as not to unreasonably interfere with the use of such Unit for its permitted purposes.

Section 19.  Any consent or approval given under these Rules and Regulations may be amended, modified added to or repealed at any time by resolution of the Board. Any such consent or approval may, in the discretion of the Board, be conditional in nature.

FOR INFORMATIONAL USE ONLY.    CONTACT MANAGEMENT OFFICE FOR OFFICIAL DOCUMENTS.