A B 217 Quay Blvd Condo

Key facts from A B 217 Quay Blvd Condo's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

A-B 217 Quay Blvd. Condominium

Developer / declarant

JOSEPH F. ELIASEN and KAREN A. ELIASEN

Governing law

Condominium Act of the State of New Jersey (P.L. 1969, c.257) (Preamble, p.1)

Assessments & dues

Initial budget: Total $3,415 (Unit A $1,457, Unit B $1,975) for first year (By-laws Article XIII, p.38)

Special assessments

Allowed: Association may levy special assessments for increased operating costs, capital expenses, or emergencies (By-laws Article III, Section C, p.34)

Collections & liens

Association has a lien on each Unit for unpaid assessments, with interest and attorney's fees; lien subordinate to real estate tax liens and recorded mortgages; foreclosure by sheriff's sale; purchaser not liable for prior assessments excep (Master Deed Paragraph 10, p.9-11)

Reserves & fees

Common Surplus (excess of receipts over expenses) to be maintained on deposit as reserve in such amount as Unit Owners agree (By-laws Article III, Section D, p.34)

Pets

Owner's pets allowed; no tenant's pets (Rules and Regulations 'Pets', p.39)

Fences

Fencing permitted: six-foot solid vinyl, twenty-one feet long between the two units' decks to the end of the property (By-laws Article XII, p.38)

Architectural approval

Structural modifications or alterations within a Unit require written consent of the other Unit Owner; no work on Common Elements without Association consent (Master Deed Paragraph 11A, p.11)

Maintenance

Association responsible for structural parts, Common Elements, and portions of Unit contributing to support of Building (excluding interior painting, wallpapering, decorating); Unit Owner responsible for interior surfaces, fixtures, and for (Master Deed Paragraph 11B and C, p.11-12)

Insurance

Association obtains master property insurance on Building and all insurable improvements, including Units, H/C systems, bathroom fixtures, kitchen appliances; covers fire, extended coverage, vandalism, malicious mischief, windstorm, flood; (Master Deed Paragraph 15A-C, p.14-15)

Use restrictions

Each Unit is intended to be and shall be used as a residence only (Master Deed Paragraph 12, p.12)

Voting & meetings

One vote per Unit Owner (each Unit has one vote) (Master Deed Paragraph 9, p.9; By-laws Ar)

Amendments

Condominium Documents may be amended with written consent of both Unit Owners and holders of first mortgage liens; amendment effective when recorded (Master Deed Paragraph 19, p.18; By-laws )

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