Grand Oak Twins Condo

Key facts from Grand Oak Twins Condo's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed Article 1)

Legal name

GRAND OAK TWINS CONDOMINIUM ASSOCIATION INC

Units / lots

36 (32 Phase I + 4 Phase II) (Master Deed Article 3)

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Master Deed page 1, Second Amendment pag)

Assessments & dues

Common expenses charged according to percentage interest in common elements; set by Board through budget and monthly assessments (Master Deed Article 18)

Special assessments

Allowed; for expenditures over $5,000 requires majority vote of unit owners (other than Grantor) (Master Deed Article 9)

Collections & liens

Lien for unpaid assessments effective upon recording; prior to taxes, first mortgage, and prior recorded liens; foreclosure in same manner as mortgage; acceleration of remaining annual assessments if at least two months unpaid; attorney's f (Master Deed Article 19)

Reserves & fees

Mentioned as part of common expenses; no specifics (Master Deed Article 18)

Use restrictions

Yes, single family residence only (except developer offices and models) (Master Deed Article 10)

Voting & meetings

One vote per unit after conveyance from Grantor (Master Deed Article 6)

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