Condominiums of 111 113 No Adams Ave

Key facts from Condominiums of 111 113 No Adams Ave's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Page 2: 'submit the Property into the co)

Legal name

Condominiums of 111-113 North Adams Avenue

Units / lots

2 (Unit A and Unit B) (Page 2: 'two (2) dwelling units'; Page 4)

Developer / declarant

NORTHEAST FRANKLIN & ATLANTIC LLC

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Page 2: 'pursuant to the New Jersey Cond)

Assessments & dues

Association estimates annual charges including contingencies and replacements, less income and surplus; notice to Unit Owners on or before December 1st. (Article 10.1.1 and By-Laws 2.2)

Special assessments

Authorized: the Board may levy a Remedial Assessment for individual unit maintenance performed by Association; also By-Laws allow lump sum assessment for immediate need or emergency. (Article 4.4 and By-Laws 2.2 ('immediate )

Collections & liens

Unpaid assessments become a lien upon recording of a Claim of Lien as per Condominium Act. Association may foreclose; Unit Owner liable for costs, attorney fees, and reasonable rental during foreclosure. (Article 11: 'shall become a lien upon th)

Reserves & fees

Association shall maintain a reasonable reserve for emergencies, contingencies; funds kept in interest-bearing securities or savings accounts. Not obligated to expend all revenues collected. (By-Laws 2.8: 'shall maintain a reasonabl)

Pets

Domestic pets are permitted; no animals, livestock, or poultry. (Article 13.5: 'No animals, livestock or )

Leasing & rentals

Unit Owners may lease their Units subject to reasonable rules adopted by the Association. (Article 13.2: 'Unit Owners may lease the)

Architectural approval

Written consent from Association required for alterations or construction in Common Elements; interior partition removal/replacement subject to prior written approval of Board. (Article 13.6 (Common Elements) and Artic)

Maintenance

Association responsible for roof maintenance and repair (part of exterior maintenance) except as otherwise noted; roof area is Limited Common Element for the Unit it serves (Article 5.2.4), but maintenance falls on Association per 13.10. (Article 13.10: 'Association shall have t)

Insurance

Association insures exterior shell including roof, windows, doors, stucco, insulation and studs for exterior walls; comprehensive commercial liability and casualty; 100% replacement value; liability minimum $1,000,000; flood insurance minim (Article 18 and Article 18.5)

Use restrictions

Each Unit shall be occupied and used only as a single-family residence. (Article 13.1: 'No Unit Owner shall occup)

Voting & meetings

One vote per Unit (Unit Owner casts vote); no fractional voting if multiple owners. (Article 9: 'Voting in that Association s)

Amendments

Master Deed may be amended only by unanimous vote of members (Article 23), subject to Condominium Act, and recorded. However, Sponsor may amend without consent as long as Sponsor owns at least one Unit (Article 28.2). By-Laws may be amended (Article 23, Article 28.2, By-Laws 6)

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