Absecon Townehouse Condo at California Hill

Key facts from Absecon Townehouse Condo at California Hill's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Absecon Townehouse Condominium Association

Units / lots

102 (Paragraph 5: "one hundred two (102) sepa)

Developer / declarant

Absecon Townehouse Apts, Ltd.

Governing law

Condominium Act of the State of New Jersey (P.L. 1969, c. 257, approved January 7, 1970) (Preamble)

Assessments & dues

Determined by Board of Directors; due in 12 equal monthly payments on first of each month (Section 7.D)

Special assessments

Special assessments for capital improvements require assent of 75% of all votes eligible to be cast; Developer votes are ineligible (Section 7.E)

Collections & liens

Association may file a lien and foreclose for delinquent assessments; also may accelerate installments, sue at law (Section 7.H, 7.I)

Reserves & fees

Interest and carrying charges at the highest permitted legal rate per month (Section 7.I)

Pets

Dogs, cats or other household pets may be kept, provided they are not kept for commercial purposes and do not exceed two (2) dogs or cats (Section 8.D)

Leasing & rentals

Yes, provided 30 days notice of lease terms to Association, obtains approval (unreasonably not withheld), furnishes tenant name and address, terms, and other reasonably required information (Section 9.A)

Parking & vehicles

No motor vehicle of a commercial type (including buses, taxicabs, vehicles advertising a business) shall be parked on the Condominium Property (Section 8.H)

Signs & flags

No sign, advertisement, notice or other display shall be placed on any portion of the Condominium Property without prior written consent of Association; except Developer may display promotional signs on common elements or its units until la (Section 8.E)

Maintenance

Association (because roof is part of exterior of building) (Section 11.B(ii): "All portions of the U)

Insurance

Casualty/physical damage insurance on buildings at full replacement value; public liability ($300,000 per occurrence for bodily injury/death, $100,000 for property damage); workmen's compensation; fidelity bond (Section 12.C)

Use restrictions

No Unit shall be used for any purpose other than a private residence; Developer may use units for sales office, administrative offices, or models until last unit sold (Section 8.B)

Voting & meetings

One vote per unit; Developer initially holds all 102 votes; upon conveyance, unit owner gets one vote per unit and Developer's votes reduced accordingly (Section 6.E)

Amendments

Amendment requires notice of subject matter in meeting notice; resolution by Board or unit owners; approval by not less than 75% of unit owners voting; copy certified by at least two officers; effective upon recording; Developer may not vot (Section 15)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.