Lathrop Villas One Condominium

Key facts from Lathrop Villas One Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Definition 1.09: Condominium means all l)

Legal name

Lathrop Villas I Condominium

Governing law

N.J.S.A. 46:8B-1 et seq. (WHEREAS and Article I 1.10: Condominium )

Assessments & dues

Board fixes amount; allocated equally between units (Sections 6.03 and 6.05: Board fixes amou)

Special assessments

Requires approval of both Unit Owners unless ordered by municipality or other entity with jurisdiction (Section 6.07: Other assessments... shall)

Collections & liens

Each assessment is a continuing lien on the Unit, subordinate to first mortgage; may be foreclosed like mortgage; money judgment may be maintained without waiving lien (Section 6.02: each Assessment... shall b)

Pets

Yes, but only total of two dogs or cats or combination; no reptiles or other animals (Section 10.01(b): No reptile or animal o)

Home business

Prohibited: no business, trade or profession shall be conducted in any Unit (Section 10.01(a): No business, trade or )

Use restrictions

Yes, except units used by Sponsor as sales offices, administrative offices or models (Section 10.01(a): No Unit except those u)

Voting & meetings

Each Unit Owner entitled to one vote per unit; Sponsor can cast votes for units owned but cannot vote for certain amendments (Section 5.03: Each Unit Owner shall be e)

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