Afton a Condominium

Key facts from Afton a Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1 PURPOSE, PAGE 4)

Legal name

The Afton, A Condominium

Units / lots

2 (Land Unit 1 and Land Unit 2) (Section 3, PAGE 7: 'two (2) Land Units')

Developer / declarant

Orchards at Florham Park, L.L.C.

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (WHEREAS clauses, PAGE 4)

Assessments & dues

Set by Trustees based on budget; not specified in document (Section 10.26, PAGE 16: 'Land Unit Owner)

Special assessments

Not allowed while Grantor controls majority of Board unless required by government, title insurance, mortgage lender, or emergency (Section 10.21, PAGE 15: 'Board of Truste)

Collections & liens

Unpaid assessments and related charges constitute a lien against the Land Unit, prior to all liens except taxes, first mortgage liens recorded prior, and prior recorded liens; lien recorded in Morris County; may be foreclosed like a mortgag (Section 10.28, PAGE 17)

Reserves & fees

Common Expenses include reserves (Section 2.8); budget includes reserves (10.26); Association must create reserves for future capital repairs (10.49 reference). (Sections 2.8, 10.26, 10.49)

Leasing & rentals

Any Land Unit Owner may lease, provided: (i) use permitted by zoning, (ii) lease in writing, (iii) lease subject to Master Deed, Bylaws, etc.; owner remains primarily responsible; lease does not relieve owner obligations (Section 10.47, PAGE 25)

Insurance

Association must obtain fire insurance with extended coverage on Common Elements and each Building containing Land Units, including service machinery; policies must contain standard mortgagee clause, waivers of subrogation, and non-cancella (Section 10.36, PAGE 19)

Use restrictions

Prohibited; no use that endangers health or unreasonably annoys others, in sole opinion of Board (Section 10.11, PAGE 14)

Voting & meetings

Each Land Unit has one vote in the Association (Section 10.17, PAGE 15: 'Each Land Unit )

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