Princeton Manor Homeowners' Association

Key facts from Princeton Manor Homeowners' Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association

Legal name

Princeton Manor Homeowners Association, Inc.

Governing law

Title 15 of the Statutes of New Jersey (nonprofit corporation) (Article I, Section 1.1: a nonprofit corp)

Age restriction

Development qualified as 55 or Over Housing under Fair Housing Amendments Act of 1988; at least 80% of Homes must have at least one permanent resident 55 years or older; age verification surveys at least every two years (Article VI, Section 6.2(g))

Assessments & dues

Board has sole discretion to determine amount of Common Expenses and manner of expenditure (Article VII, Section 7.2)

Special assessments

Board may levy special assessments, including emergency assessments for immediate needs and for insurance-deficiency repairs (Article VII, Section 7.8; Article VI, Se)

Collections & liens

Unpaid Annual Common Expense Assessments, capital contributions, and fines deemed liens on Home (Article II, Sections 2.6 and 2.7; Articl)

Reserves & fees

Board must maintain reserves for repairs, replacements, emergencies, contingencies; reserve funds for replacement/deferred maintenance kept in separate interest-bearing accounts (Article VII, Sections 7.5, 7.6)

Leasing & rentals

Tenants or lessees of a Member are Associate Members without voting rights (Article II, Section 2.2)

Architectural approval

Property Modification Review Committee regulates external design, appearance, use and maintenance of property (Article IX, Section 9.2)

Maintenance

Board has affirmative and perpetual obligation to maintain Common Property according to accepted standards; repairs/replacements of first class quality and substantially similar to original (Article VI, Section 6.2(a))

Insurance

Deductible amount and responsibility for payment determined by Board in sole discretion (Article VI, Section 6.2(h)(i))

Voting & meetings

One vote of equal weight per Home to which title is held (Article II, Section 2.9)

Amendments

Amendments adopted in accordance with N.J.S.A. 45:22A-46 et seq. (2021 amendment WHEREAS clause)

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