North Adams Ave Condo

Key facts from North Adams Ave Condo's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed paragraph 1: North Adams Ave)

Legal name

North Adams Avenue Condominium

Developer / declarant

RIZZO-VALENTI, INC.

Governing law

Condominium Act of the State of New Jersey, Chapter 257 Laws of New Jersey 1969 effective January 7, 1970 (Master Deed preamble)

Assessments & dues

Association establishes annual budget, then assessments are set based on that budget (Paragraph 11A)

Special assessments

May be made at any time by the Association for capital improvements or other needs (Paragraph 11B)

Collections & liens

Assessments become a lien under N.J.S.A. 46:8B-21; Association may foreclose the lien or sue at law (Paragraph 11D, 11E)

Reserves & fees

Interest at 12% per annum commencing five days after due date (Paragraph 11D)

Leasing & rentals

Yes, with minimum term of at least one week (Paragraph 8G)

Architectural approval

Changes to roof, siding, exterior finish materials, or exterior colors require consent of all Unit Owners; painting exterior a different color requires consent of all Unit Owners (Paragraph 8H, 8E)

Use restrictions

Units designed and intended for use as a private residence (Paragraph 5)

Voting & meetings

One vote per unit, aggregate of two votes (Paragraph 10)

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