Patcong Avenue Condo

Key facts from Patcong Avenue Condo's documents

Community type

Condominium (the name by which the Property submitted)

Legal name

Patcong Avenue Condominium

Governing law

Condominium Act of the State of New Jersey, Chapter 257, Laws of New Jersey, 1969, effective January 7, 1970, its supplements and amendments (submits ... to the provisions of the Con)

Assessments & dues

Annual assessment made for calendar year in advance on December 1, due in 12 equal monthly installments, may be amended by majority of Board (Assessments shall be made for the calend)

Special assessments

Allowed for emergencies with Board approval, 30 days notice (Assessment for common expenses of emerge)

Collections & liens

Association has lien for unpaid assessments; may foreclose like a mortgage; may bid at sale; lien subordinate to first mortgages (The Association shall have a lien on eac)

Reserves & fees

Reasonable allowance for contingencies and reserves included in assessments (estimated expenses chargeable to the acc)

Leasing & rentals

Yes, entire units may be rented (Entire units may be rented (Article X.D,)

Use restrictions

No; commercial use only (The units shall be used only for busines)

Voting & meetings

One vote per unit (Voting ... on the basis of one vote per )

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