Rittenhouse at Locust Grove Homeowners Association

Key facts from Rittenhouse at Locust Grove Homeowners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Rittenhouse At Locust Grove Homeowners Association

Units / lots

154 (Article 4.02: 'maximum number of votes t)

Developer / declarant

K. Hovnanian Venture I, L.L.C. (Opening paragraph: 'THIS DECLARATION mad)

Governing law

N.J.S.A. 45:22A-21 et seq. (Planned Real Estate Development Full Disclosure Act) and N.J.S.A. 15A:1-1 (Non-Profit Corporation Law) (By-Laws Art I.2: 'N.J.S.A. 45:22A-21 et )

Assessments & dues

Board prepares annual budget; annual assessment = total anticipated expenses divided by number of Lots (Article 1.01: 'proportionate amount ... )

Special assessments

Yes; for capital improvements requires assent of 2/3 of Members (other than Declarant) voting at a meeting; for emergencies, Board may impose immediately; for damages/violations, Board may impose after 10 days notice and hearing (Article 5.04 (emergency), 5.05 (capital )

Collections & liens

Yes; assessments are a continuing lien on the Lot; may be foreclosed by suit brought in name of HOA in same manner as mortgage foreclosure; lien subordinate to first mortgage (Article 5.01: 'continuing lien upon the )

Reserves & fees

Budget shall include capital reserve funds for replacement and/or repair of existing Common Areas (Article 5.03: 'budget shall include capi)

Voting & meetings

Each Lot has one vote; total votes 154; Declarant cannot vote unsold lots to amend Declaration, change use, or reduce Common Areas (Article 4.02: 'Each Lot shall have one v)

Amendments

Declaration may be amended by vote of 67% of Members in good standing at a meeting or by signed agreement; Board may unilaterally amend to add lands or conform to lenders/government requirements upon legal opinion; amendments require record (Article 8.03: 'amended at any time by a )

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