Harborwood Condominiums

Key facts from Harborwood Condominiums's documents

Community type

Condominium

Legal name

Harborwood Condominiums

Governing law

New Jersey Condominium Act, Chapter 257, Laws of 1969, N.J.S.A. 46:8B-1 et seq.; Planned Real Estate Development Full Disclosure Act, Chapter 419, Laws of 1977, N.J.S.A. 45:22A-21 et seq. (Paragraph 1)

Assessments & dues

Common expenses charged according to each Unit's percentage interest in Common Elements (Exhibit D); initially Sponsor pays all expenses until Association makes assessment (Paragraph 18, page 27)

Special assessments

Not specifically prohibited, but Sponsor while controlling board shall not make additions/improvements necessitating special assessment or substantial increase in monthly assessment unless required by government, title insurer, mortgagee, o (Paragraph 11(e), page 21)

Collections & liens

Association may have lien for common expense assessments, but subordinate to first mortgages recorded prior to assessments becoming due (Paragraph 21(c), page 30)

Pets

No animals, rabbits, livestock, fowl or poultry shall be raised, bred or kept in any Unit or in General Common Elements, except as may be permitted by rules and regulations of the Association (Paragraph 10(g), page 14)

Leasing & rentals

Unit Owners may lease their Units, but not for transient or hotel purposes (transient defined as less than 7 consecutive days); no Unit Owner may lease less than the entire Unit; lease must be in writing and subject to Master Deed and By-La (Paragraph 17, page 27)

Parking & vehicles

No commercial vehicle of size larger than a station wagon may be parked on any part of the Property except those temporarily servicing the Property or a Unit (Paragraph 10(k), page 15)

Architectural approval

No exterior additions, alterations or improvements; other structural additions/alterations/improvements require written consent of Board; application for permit must be executed by Board (Paragraph 10(i), pages 14-15)

Signs & flags

No signs, awnings, grills, balcony enclosures, canopies, shutters, or radio/TV antennas placed on exterior walls or roof without prior consent of Association; Sponsor may display promotional signs until last unit sold (Paragraph 10(f), page 13)

Maintenance

Association (part of exterior of Building and common elements) (Paragraph 22(b), page 32; Paragraph 5(vi)

Insurance

Association shall obtain casualty/physical damage insurance for full replacement value (fire, extended coverage, flood, vandalism, windstorm, etc.), public liability insurance ($500,000/person, $1,000,000/occurrence bodily; $1,000,000 prope (Paragraph 16, pages 24-26)

Use restrictions

No Unit shall be used for any purpose other than a private residence (Paragraph 10(a), page 12)

Voting & meetings

One vote per Unit (Paragraph 7, page 7)

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