Visions at the Shore Age Restricted Condo

Key facts from Visions at the Shore Age Restricted Condo's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.01: establish the condominium )

Units / lots

100 (Section 3.01: 'three (3) Building Units,)

Governing law

N.J.S.A. 46:8B-1 et seq. (New Jersey Condominium Act) (Section 1.01)

Age restriction

55 or over housing as defined by Fair Housing Act; at least 85% of units occupied by at least one person 55+; up to 15% may have all persons 50+; no children under 19 as permanent residents (except limited visitation) (Section 12.03 (entire section))

Assessments & dues

Board fixes Annual Common Expense Assessments, allocated per percentage interest in Common Elements (based on square footage of apartments) (Sections 7.03 and 6.04)

Collections & liens

Common Expense Assessment is a continuing lien on the Unit; may be foreclosed in same manner as mortgage (Section 7.02: 'Each Common Expense Asses)

Pets

Yes, dogs and cats only (Section 12.01(3): 'dogs and cats ... sha)

Leasing & rentals

Yes, with restrictions (Section 12.02(1))

Home business

Prohibited (Section 12.01(1): 'No business, trade or)

Signs & flags

Prohibited without Board consent, except Sponsor's signs (Section 12.01(7): 'No signs (other than )

Use restrictions

Yes, except for sales offices/models (Section 12.01(1): 'No Building Unit ... )

Voting & meetings

Each Member in Good Standing casts one (1) unweighted vote per Apartment within their Building Unit; total 100 votes (Section 6.05: 'Each Member in Good Stand)

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