TUD OR REAL TY SERVICES CORP .

MANHATTAN VALLEY TOWNHOUSES

IN ORDER TO EXPEDITE COMPLETION OF THIS RENTAL APPLICATION, PLEASE ASSEMBLE THE REQUIRED INFORMATION LISTED BELOW INTO A COMPLETE PACKAGE OF ONE (1) ORIGINAL AND ONE (1) COPY AND HA VE IT SENT DIRECTLY TO TUDOR REALTY SERVICES CORP.:

1. Non-refundable certified check, or money order in the amount of $300.00 made payable to Tudor Realty Services Corp. for processing of rental application. If there is a co-applicant or guarantor involved in the transaction, an additional $50.00 must be submitted to cover the credit report. (No personal checks will be accepted.)

2. Move-in deposit of $500.00 and move-in fee of $150.00, both made payable to Manhattan Valley Townhouses

3. Complete rental application form. (Please type or print clearly.)

4. Copy of fully executed Lease, Lease Rider & Rental Application

5. Full copies of the following recent statements: Bank (everyday banking), money market funds, securities, retirement, pension, 401 (k), IRA, life insurance and any other source of income. All statements must show current balances verifying information in the application.

6. House Rules Compliance Statement

There will be a penalty assessed each month in the amount of $100.00 for non-compliance with the Leasing Procedures. This charge will be assessed against any unit owner who violates the policy by renting their unit without providing the required documentation.

A copy of Article VII, Section 1 of the By-Laws is enclosed (and Amendments).

www.TudorRealty.com • www.TudorConnect.com Property Management Services Brokerage Services

Tel (212) 557-3600 • Fax (212) 557-9329 Tel (212) 557-3610 • Fax {212) 557-0270 e-mail: webmail@TudorRealty.com e-mail: brokers@TudorRealty.com

J00Manhattan-Sublet 250 Park Avenue South, New York, NY 10003-1402 Licensed Real Estate Broker

TUDOR REALT) SERVICES CORP.

How to Pay a Processing Fee to TRS Electronically

If you need to pay TRS for a financial or due-diligence questionnaire; a credit report search; an application; an offering plan; a financial statement, or other document; or any other one-time charge due TRS, in addition to making payment by check, these fees may now be paid online bye-check (ACH) from a bank account, for FREE, and by credit and debit card, for a FEE. Our goal is to make it as easy as possible for you to make these payments. This is how to make the payment electronically:

Open your browser and go to https://TudorRealty.com Click on the Green Make a Payment button on the top right of your screen. You will be sent to the Tudor Realty branded entrance to the ClickPay portal. The right half of the screen has the Pay TRS section. Even if you are already a resident who has previously logged in using the left side of the screen to pay maintenance, common or other charges, you should use the right section, Pay TRS, to pay fees due directly to TRS.

Please note that credit and debit cards will incur an additional fee (3.95% for American Express, 2.95% for Visa, MasterCard, and Discover).

Click the white Pay TRS button. Fill in all of the information which is required on the next screen, agree to the Terms and Conditions, and click Next. If you agree with the information displayed on the next screen, click Pay. The next screen you see should confirm that the payment has been made, and provide a Confirmation number. Please print out or make a note of this Confirmation number.

Do not be concerned by the disclaimer on the screen that warns that processing the payment may take 2 days. TRS will typically receive notice of the payment the same day it is made online. Notice of payments made on weekends and holidays will be received the next business day.

When you have completed making the payment, please email the member of the TRS processing team that is handling your request that the payment has been made. If you can also provide the Confirmation number, that is helpful. It is also helpful to include a copy of the printed Confirmation page with any application that you are submitting. However, do not be concerned if you have misplaced the Confirmation. TRS will be able to retrieve the payment information.

www.TudorRealty.com • www.TudorConnect.com Property Management Services Brokerage Services

Tel (212) 557-3600 • Fax (212) 557-9329 Tel (212) 557-3610 • Fax (212) 557-0270 e-mail: webmail@TudorRealty.com e-mail: brokers@TudorRealty.com

250 Park Avenue South, New York, NY 10003-1402 Licensed Real Estate Broker

100Manhattan-Sublet

Article VII

Sales, Leasing and Mortgaging of Units

Section 1. Sales and Leases. No unit owner may sell his unit or any interest therein except by complying with the following provisions:

(a) Any unit owner who receives a bona fide offer for the sale of his unit together with the undivided interest in the common elements appurtenant thereto (hereinafter called the “Appurtenant Interests”) which he intends to accept, shall give notice to the Board of Managers of such offer and of such intention, the name and address of the proposed purchaser, the terms or the proposed transaction and such other information as the Board of Managers may reasonably require. At the closing, the unit owner shall convey the unit (and Appurtenant Interests) by deed in the form required by Section 339-o of the Real Property Law of the State of New York, with all transfer stamps affixed, and shall pay all transfer and other taxes arising out of such sale. Any such deed shall provide that the acceptance thereof by the grantee shall constitute an assumption of the provisions of the Declaration, the By-Laws and the Rules and Regulations, as the same may be amended from time to time.

(b) No unit owner may lease his unit for less than six months under any circumstances nor for any greater term of lease except by complying with the following provisions:

Any unit owner who receives a bona fide offer for a lease of his unit which he intends to accept shall give notice to the Board of Managers of such offer and of such intention, the name and address of the proposed lessee, the terms of the proposed lease, references and such other information as the Board of Managers may reasonably require. Any such lease shall be consistent with the Declaration, the By-Laws and the Rules and Regulations and shall provide that the tenant shall not sublet the demised premises, or any part thereof, without complying with these By-Laws, that the Board of Managers shall have power to terminate such lease and or to bring summary proceedings to evict the tenant in the name of the landlord thereunder, in the event of default by the tenant in the performance of such lease, and that the Board of Managers shall have the right to terminate the lease on not less than 30 days’ prior written notice upon foreclosure of the lien granted by Section 330-z of the Real Property Law of the State of New York. Except as hereinbefore set forth, the form of any such lease shall be the then current form of apartment lease recommended by The Real Estate Board of New York, Inc., except as provided herein or by the Board of Managers.

Any purported sale or lease of a unit in violation of this Section shall be voidable at the election of the Board of Managers.

Section 2. Right of First Refusal

Section 2.1. (A) Subject to the terms of subparagraph 2.5 of this Article, any contract to sell a unit together with its Appurtenant Interest and any lease of a unit (hereinafter collectively referred to as a “Sale or Lease Agreement”) shall contain the following language: “THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES

100Manhattan-Sublet

LEASE INFORMATION FOR Manhattan Valley Townhouses

UNIT NUMBER: _______________

NAME OF OWNER(S): ________________________________________________

ADDRESS OF OWNER(S): ________________________________________________

HOME TELEPHONE #: ________________________

BUSINESS TELEPHONE #: __________________

NAME OF TENANT(S): ________________________________________________

ADDRESS: ____________________________________________________________

PHONE NUMBER: HOME: _____________ WORK: ____________

PREVIOUS RESIDENCE: ________________________________________________

PREVIOUS LANDLORD (include phone number): ______________________________

________________________________________________________________________

SOCIAL SECURITY NUMBER: _______________________

OCCUPATION &TITLE OF TENANT(S): ____________________________________

________________________________________________________________________

EMPLOYER: ____________________________________________________________

ADDRESS: ____________________________________________________________

PHONE NUMBER: ___________________________________

LENGTH OF EMPLOYMENT: _____________________________

TENANT INFORMATION: IN CASE OF EMERGENCY CONTACT:

NAME: _____________________________ PHONE #: _________________

ADDRESS: ___________________________________________________________

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BROKER NAME:

COMPANY:

PHONE #:

NAMES OF ALL PERSONS RESIDING IN UNIT AND IF CHILDREN, STATE

APPROXIMATE AGE:

OCCUPANT RELATIONSHIP

____________________________________ ______________________________

____________________________________ ______________________________

____________________________________ ______________________________

____________________________________ ______________________________

FOR EMERGENCIES, PLEASE INDICATE PHONE NUMBERS WHERE WE CAN REACH

YOU:

UNIT OWNER: ________________________________________ (HOME)

________________________________________ (WORK)

TENANT: ________________________________________ (HOME)

________________________________________ (WORK)

PLEASE CHECK ONE:

THE UNIT WAS RENTED: _____________ FURNISHED

_____________ UNFURNISHED

SIGNATURE OF UNIT OWNER: __________________________________________

SIGNATURE OF TENANT: __________________________________________

MANHATTAN VALLEY TOWNHOUSES

MOVING POLICY

The move-in/out policy of this building is as follows:

• All moves must be scheduled five (5) days in advance with Myra Nass of Tudor Realty Services Corp. Her phone number is (212) 813-3057 and her email is MyraN@tudorrealty.com.

• Moving on any day except holidays is permitted, but moving must begin no earlier than 9 am and conclude by 6:00 pm. A list of holidays on which a move must not be performed is attached for your reference.

• You are required to pay a non-refundable move-in/out fee of $150.00. You are also required to submit a refundable move-in/out deposit of $500.00, both to be made payable to Manhattan Valley Townhouses Condominium. The deposit will be returned after the move is complete and it has been verified by the superintendent that there are no major damages to the buildings common elements.

• The unit owner and/or tenant must submit a certificate of insurance to the Managing Agent before the move-in or move-out. The following information should be stated on the certificate:

• Name of unit owner(s) or tenant(s) and Tudor Realty Services Corp. as certificate holder • Move in or Move out date • Property Address and Unit Number • The following wording must be noted on the Certificate of Insurance: "The following are

added as additional insured Manhattan Valley Townhouses, 100 Manhattan Avenue, New York, NY 10025 and Tudor Realty Services Corp, 250 Park Avenue South. 4th Floor, New York, NY 10003"

• The amount that has to be stated on the certificate is $1,000,000.00

• Any resident who is moving him or herself must execute an indemnification agreement, by which the resident agrees to indemnify the Corporation as well as its unit owners, officers, directors and agents, against any personal injury and/or property damage claim, including attorney's fees and costs.

• There is a $500 penalty fee that will be imposed if the above rules and documents are not followed and provided. The fee will be added to the unit owners next month's common charges.

I 00Manhattan-MovingPolicy

100Manhattan-Sublet

In order for you to comply with the provisions of Section 606 of the Fair Credit Reporting Act, I authorize you to retain a Credit Reporting Agency, which Agency may obtain and furnish information on my character, general reputation, personal characteristics, and mode of living. I understand that upon request I am entitled to a disclosure of the nature and scope of the investigation to be requested by your said Credit Reporting Agency. Signed: ______________________ ______________________ Print Name: ______________________ ______________________ Address: ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ Social Security No.: ______________________ ______________________ Date of Birth: ______________________ ______________________

100Manhattan-Sublet

MANHATTAN VALLEY TOWNHOUSES

SCHEDULE A

RULES AND REGULATIONS

1. The units shall be used for residences and may also be used for professional offices by a resident thereof with the prior written consent of the Board of Managers, unless prohibited by law.

2. Except as provided in Rule 1 above, no industry, business trade, occupation or

profession of any kind, commercial, religion, educational or otherwise, designed for profit, altruism, or otherwise shall be conducted, maintained or permitted on any part of the Property nor shall any “For Sale”, “For Rent”, or “For Lease” signs or other window displays or advertising be maintained or permitted on any part of the Property or in any unit therein nor shall any unit be used or rented for transient, hotel or motel purposes. Notwithstanding the above, the right is reserved by the Sponsor, Sponsor-affiliates and the Board of Managers, or its agent, to (a) place, “For Sale”, “For Rent” or “For Lease” signs on any unsold or unoccupied units, and (b) to erect, lease manage and maintain commercial and recreational facilities on various portions of the property as permitted by applicable law and regulation and as contemplated by the offering Plan, as amended. The right is hereby given to any mortgagee, who may become the owner of any unit to place the above described signs on any unit owned by such mortgage, but in no event will any such sign be larger than one (1’) foot by two (2’) feet.

3. Nothing shall be done or kept in any unit or the common elements or limited

common elements which will increase the rate insurance of any of the buildings, or contents thereof, without the prior written consent of the Board of Managers. No unit owner shall permit anything to be done or kept in his unit or in the common elements limited common elements which will result in the cancellation of insurance on any of the buildings, or contents thereof, or which would be in violation of any law. No unit owner or occupant or any of his agents, servants, employees, licensees or visitors shall at any time bring into or keep in his unit, parking space, or vestibule, any flammable combustible or explosive fluid, material, chemical or substance (except gasoline in automobile tanks). No waste shall be committed in the common elements or limited common elements.

4. 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 thereof and the unit owner alone shall be liable for any damage or injury caused by any radio, television or other electrical equipment in such unit. No such installation shall interfere with reception of the Master T.V. antenna, if any.

100Manhattan-Sublet

5. Nothing shall be done in any unit or in, on or to the common elements or limited common elements which will impair the structural integrity of any building or which would structurally· change any of the buildings.

6. Nothing shall be altered or constructed in or removed from the common elements,

except upon the written consent of the Board of Managers. 7. No animals, birds. or reptiles of any kind shall be raised, bred, or kept in any unit

or in the common elements or limited common elements except that dogs, cats, or other household pets, not to exceed two pets per unit (but not more than one dog), may be kept in units t subject to the, rules and regulations adopted by the Board of Managers t provided that they are not kept t bred or maintained for any commercial purposes; and provided further that any such pet causing or creating a nuisance or unreasonable disturbance or noise shall be permanently removed from the property subject to these restrictions upon three (3) days’ written notice from the Board of Managers. In no event shall any dog be permitted in any portion of the common elements unless carried or on a leash, or in any grass or garden plot under any circumstances. Under all circumstances pet owners shall remove any waste of their pets left on any of the common elements, limited common elements, sidewalks, and street areas adjacent to the Property.

8. No noxious or offensive activity shall be carried on in any unit or in the common

elements or limited common elements, nor shall anything be done therein either willfully or negligently, which may be or become an annoyance or nuisance to the other unit owners or occupants.

9. There shall be no obstruction of the common elements nor shall anything be

stored in the common elements without the prior consent of the Board of Managers except as hereinafter expressly provided. Each unit owner shall be obligated to maintain and keep in good order and repair his own unit in accordance with the provisions of the By-Laws.

10. Except in recreational or other areas designated as such by the Board of Managers

or in the Declaration, there shall be no playing, lounging, or parking of baby carriages or playpens, bicycles, wagons, toys, vehicles, benches or chairs, on any part of the common elements (except that limited common elements may be used for their intended purposes). Storage by owners in areas designated by the Board of Managers or in the Declaration shall be at their own risk.

11. No clothes, sheets, blankets, laundry or other articles of any kind shall be hung

out of a unit or exposed on any part of the common elements. The common elements and limited common elements shall be kept free and clear of rubbish, debris and other unsightly materials, nor shall any rugs or mops be shaken or hung from or on any of the windows, throw or substance doors, railings, or vestibules, nor shall a unit owner sweep or throw or permit to be swept or thrown therefrom any dirt or other substance.

100Manhattan-Sublet

12. Each unit owner shall keep his unit in a good state of preservation and cleanliness and each unit owner shall be obligated to maintain and keep in good order and repair his own unit in accordance with the provisions of the By-Laws.

13. No vestibule shall be decorated or otherwise altered without the consent in

writing of the Board of Managers. 14. Unless express written consent to the contrary is given by the Board of Managers

as to the particular unit, in question, 80% of the floor area of each unit (with the exception of baths, kitchens, closets and foyers) shall always be covered with carpet, rugs or material equally efficient for noise reduction.

15. There shall be no barbecuing in the units or any common areas or limited

common areas, including patios and balconies, except areas specifically designated for barbecuing by the Board of Managers.

16. No washing or repairs of automobiles shall take place on any of the Property.

The parking spaces may not be used for any purpose other than to park passenger automobiles, excluding specifically, trucks commercial vehicles or trailers.

17. The Board of Managers may enforce the designation of a parking space for the

use of a unit owner by having the unauthorized cars using such space towed away. The Board of Managers may promulgate and enforce other reasonable parking regulations.

18. The agents of the Board of Managers or the managing agent, and any contractor

or workman authorized by the Board of Managers or the managing agent, may enter any room or unit in a building at any reasonable hour of the day for the purpose of inspecting such unit for the presence of 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 pests.

19. The Board of Managers, or its designated agent, may retain a pass key to the unit

and storage area. No unit owner shall alter any lock or install a new lock or a knocker on any door of the units and storage areas without the written consent of the Board of Managers. In case such consent is given, the unit owner shall provide the Board of Managers, or its agent, with an additional key pursuant to its right of access to the demised premises. If entry is required in an emergency and the key has not been furnished to management as required by these Rules, the managing agent (with authorization from an officer of the Board of Managers) may forcibly enter the Unit without liability for damages or trespass provided that reasonable care is exercised.

100Manhattan-Sublet

20. If any key or keys are entrusted by a unit owner or occupant or by his agent, servant, employee, licensee or visitor to an employee of the Board of Managers, whether for such unit or in an automobile, trunk or other item of personal property the acceptance of the key shall be at’ the sole risk of such unit owner or occupant and the Board of Managers shall not be liable for injury, loss or damage of any nature whatsoever directly or indirectly resulting therefrom or connected therewith.

21. Any consent or approval given under these rules and regulations may be added to,

amended or repealed at any time by resolution of the Board of Managers. 22. In order to retain the structural integrity and esthetic appearance of the buildings,

no additional window or through-the-wall air-conditioning appliances may be installed in any unit and no radio or television aerial shall be attached to or hung from the exterior of the building by the unit owner without consent of the Board.

23. Painting or enclosing of balconies or patios (or any portion thereof) shall be

prohibited. Balconies and patios shall not be used for storage or for any purpose that would interfere with the esthetic appearance of the buildings.

24. These Rules and Regulations may be altered or amended by vote of the Board of

Managers as set forth in the By-Laws. 25. No Unit Owner shall make, cause or permit any unusual, disturbing or

objectionable noises or odors to be produced upon or to emanate from the Unit Owner’s Unit or its appurtenant Limited Common Elements, if any, or permit anything to be done therein that will interfere with the rights, comforts or conveniences of the other Residential Unit Owners. In the event that a Unit Owner violates or breaches the provisions of this rule and regulation, which violation or breach continues or is repeated after written notice and demand to discontinue such acts is given to the Unit Owner by or on behalf of the Board of Managers, then, in addition to and without limiting any and all other rights and remedies the Board of Manager may have with respect to such continuing or repeated violation or breach, the following fine(s)s may be imposed by the Board of Managers on the offending Unit Owner, which fine(s) shall be due and payable by the Unit Owner together with and treated in the same manner as common charges:

1. First offense (after notice): $ 300.00; 2. Second offense: $ 500.00; 3. Third and all

subsequent offenses: $1,000.00 (each such offense);

-- --- ' I

. T,1Rj'SI TUDOll UALTYSl!ll'VICBSCOlll,

MEMORANDUM DATE:

TO:

FROM:

CC:

RE:

July 30, 2018

All Residents Of The Manhattan Valley Townhouse Condominium

Tony Rookard, Tudor Realty Svcs. Corp.

Board of Managers & Rob Hoover, Superintendent.

BUILDING SMOKING POLICY/ LOCAL LAW 147

Local Law 14 7, enacted on August 28, 2017, requires all Class A multiple dwellings, which includes condominiums and cooperatives, to adopt and disclose a written smoking policy in effect no later than one year after enactment (i.e., by August 28, 2018). While Local Law 14 7 does not prohibit smoking within apartments, which would require an amendment of the Condo's By-Laws or Coop's Proprietary Lease, it requires the prohibition of smoking in all of the building's common areas.

Please be reminded that the building's smoking policy is as follows:

A. There shall be: 1. No smoking of any substances by any Unit Owner, Tenant, sub-tenant of a Unit Owner/Tenant or invitee

of either a Unit Owner/Tenant or sub-tenant of a Unit Owner/Tenant permitted in any portion of the common areas of 7, 11, 15, 19 & 23 West 104th Street, 40, 44 & 48 West 105th Street and 100, 110 & 120 Manhattan Avenue including, without limitation the lobbies and hallways.

2. No smoking of any substances by any Unit Owner/Tenant, sub-tenant of a Unit Owner/Tenant or invitee of either a Unit Owner/Tenant or sub-tenant of a Unit Owner/Tenant permitted within a ten (10) foot perimeter surrounding 7, 11, 15, 19 & 23 West 104th St., 40, 44 & 48 West 105th St. and 100, 110 & 120 Manhattan Avenue.

B. The provisions contained in Paragraphs A(l), A(2) and A(3) shall be incorporated into the House Rules of The Manhattan Valley Townhouse Condominium and any violation(s) of Paragraphs A(l), A(2) and A(3) shall be subject to fines and penalties as proscribed in the House Rules of The Manhattan Valley Townhouse Condominium.

C. This policy concerning smoking shall be distributed to all Unit Owners/Tenant, sub-tenants of Unit Owners/Tenants or shall be conspicuously posted at: 7, 11, 15, 19 & 23 West 104th Street, 40, 44 & 48 West 105th Street and 100, 110 & 120 Manhattan Avenue, New York, New York.

o. Any subsequent changes to this policy concerning smoking shall be distributed to all Unit Owners/Tenants, sub­ tenants of Unit Owners/Tenant or shall be conspicuously posted at: 7, 11, 15, 19 & 23 West 104th Street, 40, 44 & 48 West 105th Street and 100,110 & 120 Manhattan Avenue, New York, New York.

If you have any questions, please do not hesitate to contact me or your building Superintendent and thank you for your understanding & cooperation.

I

250 Park Avenue South, 4th Floor, New York, NY 10003-1402 Main: (212) 557-3600 Fax: (212) 557-9329

www.tudorconnect.com • www.tudorrealty.com

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STATEMENT OF COMPLIANCE OF RULES AND REGULATIONS OF Manhattan Valley Townhouses

The undersigned Unit Owner/Tenant of Apartment at Manhattan Valley Townhouses, New York, NY 10025, has read the House Rules of the condominium and understands and agrees to comply with all of said House Rules.

Signature

Date

Insurance.Summary

INSURANCE SUMMARY This summary has been prepared as a brief explanation of the coverage usually carried by our buildings and as an answer to the many questions asked us concerning the boundary between the building entity’s and the individual apartment owners insurance.

PERSONAL INSURANCE

HOMEOWNERS TENANTS POLICY Your building has purchased insurance that covers the Building, Rental Value/Common Charges and/or maintenance. Legal Liability and Water Damage. Apartment owners should purchase a “Homeowners Tenants policy. This combines into a single contract protection for furnishings, wearing apparel, improvements and betterment (painting, wallpaper and decorating) as well as personal liability and additional living expenses protection. Available policies are Tenants policy. Condominium and Cooperative as the case may be. Most shareholder/unit owner policies include Water Damage coverage as pointed out under the Water Damage paragraph. As an extension under this policy, coverage on fine arts, jewelry, furs and other valuable personal property may be included.

PERSONAL UMBRELLA LIABILITY This coverage is available for owners and tenants. Like the Commercial Umbrella Liability coverage, this policy would pick up where your primary coverage leaves off.

BUILDING INSURANCE Building and contents

Coverage consists of Fire, Extended Coverage, vandalism Mischief and other Allied Perils on the building including machinery fixtures, equipment and furnishings used in the operation of the building. This does not extend to cover additions, improvements and betterment made by the shareholder unless originally furnished by the corporation. The shareholder’s special improvements should be covered under their personal Homeowners Tenants policy.

RENTAL INCOME INSURANCE The building insures itself against the loss of maintenance charges through untenability of an apartment after a fire or other insured peril. For the tern of untenability, the Building’s insurance would relive the shareholder of the obligation for maintenance charges. However, this coverage would not provide the shareholder(s)/unit owner(s) with the costs incurred while living elsewhere during the term of the restoration.

LIABILITY INSURANCE The comprehensive General Liability portion of the Multi Peril policy provides legal costs and indemnity for damages awarded to others (not employees) against the building because of the accidents arising out of the existence of common property. Although this coverage protects your interest in the building’s assets, it does not cover your individual liability that would be obtained under the shareholder’s Homeowners Tenants policy.

Insurance.Summary

BOILER AND MACHINERY This coverage is carried to protect the building against boiler and air conditioning damage. The most valuable part of this protection is the required inspection services by the carrier’s engineers. This also covers any ensuing damage caused by a boiler loss.

DIRECTORS & OFFICERS LIABILITY

This coverage indemnifies the corporation for a loss which it would be legally obligated to pay because of any civil claims made against the insured’s Directors, officers or Manager caused by any negligent act, error omission, or breach of duty while acting solely in their capacity as a member or the Board.

WORKERS COMPENSATION This covers the Building’s statutory obligations to its employees for medical costs and loss of time through injuries suffered in the course of their employment. Again, this does not extend to cover personal employees of the shareholders and/or unit owners.

DISABILITY BENEFITS This coverage also required by law, is carried by the building for the building employees.

WATER DAMAGE INSURANCE MULTI PERIL POLICY

The Corporation carries Water Damage insurance covering damage to the building and its equipment caused by accidental discharge or leakage of water. This is known as Direct Water damage. This coverage does not apply to the personal property of the shareholder(s) and/or unit owner(s). The shareholder(s) and/or unit owner(s) should obtain a Homeowners Tenants policy which covers direct water damage to the shareholder(s) and/or unit owner(s) personal effects. In the event of a loss due to Direct Water damage, the damage to the building would be submitted to the Corporation insurance carrier and the individual owners’ damage should be submitted to their own carrier.

EXCESS/UMBRELLA LIABILITY As a supplement to the liability coverage under the Multi Peril policy, the building is further protected by an Umbrella / Excess policy. This contract picks up where the primary insurance leaves off. It provides increased limits of liability and covers legal liability hazards.