Island Club Condo

Key facts from Island Club Condo's documents

Reflects the 1976 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: "THE ISLAND CLUB, a Condominium")

Legal name

THE ISLAND CLUB

Developer / declarant

SEACOAST DEVELOPMENT CORP.

Governing law

Condominium Act of New Jersey, P.L. 1969, ch. 257, R.S. 4G:813-1 et seq. (Page 1: "Condominium Act" of the State o)

Assessments & dues

Not fixed; determined annually by budget (By-Laws Article IV, Section B(2))

Special assessments

Board may levy special assessments for increased costs, capital expenses, emergencies; proportionally on all buyers (By-Laws Article IV, Section B(13))

Collections & liens

Association has lien on each unit for unpaid common expenses and assessments; may foreclose; also lien on personal property in unit (Master Deed Paragraphs 5A, 6, 19)

Reserves & fees

Reasonable reserves for future common expenses (Master Deed Paragraph 5A(7): "Any reason)

Leasing & rentals

Yes, but must comply with By-Laws; any attempted sale or lease not in compliance is null and void (Master Deed Paragraph 14)

Architectural approval

Yes, written consent of Association required for any structural modifications, alterations, additions, or improvements to unit (Master Deed Paragraph 13)

Maintenance

Association (roof is a Common Element) (Master Deed Paragraph E(1): "roof" liste)

Voting & meetings

One vote per unit; total 72 votes; not divisible; only one individual per unit votes (Master Deed Paragraph 7; By-Laws Article)

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