Port Liberte Condominium Association II Inc

Key facts from Port Liberte Condominium Association II Inc's documents

Community type

Condominium

Legal name

Port Liberte Condominium Association II, Inc.

Units / lots

225 (2 out of 225 units)

Management

FirstService Residential

Governing law

Planned Real Estate Development Full Disclosure Act (PREDFDA), N.J.S.A. 45:22A-45.1 et seq. (WHEREAS, PREDFDA, as amended, permits a )

Collections & liens

If default continues after notice, Board may accelerate remaining installments and file a lien. If default continues for 90 days, Board shall foreclose the lien and/or commence independent suit. Association entitled to appointment of rent r (By-Laws Article VI, Section 7.9 (as amen)

Insurance

Board shall require all Unit Owners to maintain physical damage insurance covering their respective Units in amounts deemed reasonably adequate by the Board. Board shall require proof of such insurance on a regular basis and upon request. (By-Laws Article VI, Section 6.2(F) (new )

Voting & meetings

Only Members in Good Standing at least ten days prior to any meeting at which an election is to occur are entitled to vote in elections of Trustees. (By-Laws Article IV, Section 4.8 (as amen)

Amendments

Board provides notice and rejection ballot to unit owners; if less than 10% of unit owners return rejection ballots within 30 days, amendment is deemed valid; must be recorded. (WHEREAS, PREDFDA, as amended, permits a )

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