Woodland Village

Key facts from Woodland Village's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Woodland Village Condominium

Units / lots

108 (Recital and Section 3.01: 'One Hundred E)

Developer / declarant

Woodland Village Associates

Governing law

N.J.S.A. 46:8B-1 et seq. (Section 2.10)

Age restriction

Yes, 'Housing for Older Persons' under Fair Housing Amendments Act; minimum one occupant 55+, no one under 18; up to 20% of units may be sold to persons under 55 but still must have occupant 55+ (Section 5.03, definition 2.01)

Assessments & dues

Set by Board of Trustees as Common Expenses (amount not specified) (Section 5.14)

Special assessments

Permitted; additional or added assessments may be levied (Section 5.15: 'Additional or added asses)

Collections & liens

All charges constitute a lien on the unit; may be foreclosed; attorney's fees recoverable (Section 5.15)

Reserves & fees

Contributions to reserves may be required under By-Laws; Sponsor not obligated to pay reserves during subsidy period (Section 5.14, Section 8.00)

Leasing & rentals

Yes, subject to restrictions (Section 5.22)

Parking & vehicles

Not explicitly addressed in provided text

Signs & flags

Nothing hung or displayed on outside walls, doors, or windows without Board consent (Section 5.20)

Maintenance

Association (roofs are common elements under 3.02(b)) (Section 3.02(b), 5.18)

Insurance

Association shall insure buildings against fire, vandalism, malicious mischief, and such other risks as Board requires (Section 5.23)

Voting & meetings

One vote per unit (Section 10.02: 'The voting rights of the)

Amendments

Sponsor may amend for 3 years from recording; after 75% units conveyed, requires 75% unit owner vote; certain changes require two-thirds mortgagee consent (Section 5.13, Section 10.00, 9.08)

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