Estates at Meyers Creek Court Homeowners Association

Key facts from Estates at Meyers Creek Court Homeowners Association's documents

Community type

Covenant / Planned Community

Legal name

Estates At Meyers Creek Court Homeowners Association

Governing law

New Jersey Non-Profit Corporation Act, N.J.S. 15A:1-1 et seq. (not condominium act) (Preamble ("This Declaration does not cre)

Assessments & dues

Board of Directors sets annual assessment, may increase by up to 25% per year (Ceiling Increase). After first three fiscal years, increase above 25% requires 2/3 vote of Members. (Article V §5.4.2, 5.4.3)

Special assessments

Allowed for construction/reconstruction/repair of capital improvements, emergencies, or by 2/3 vote of Members. Also Township may require. Only beneficial Units assessed if applicable. (Article V §5.5)

Reserves & fees

5% of assessment (Article V §5.11)

Pets

Dogs, cats, other household pets allowed; not for commercial purposes. No horses, livestock, poultry. (Article X §10.2.9)

Leasing & rentals

Implicitly allowed (reference to leasing in §5.11: 'No Owner may sell, rent or lease a Unit subject to nonpayment of an Assessment.') (Article V §5.11)

Parking & vehicles

Permitted on one side of Meyers Creek Court on paved asphalt. (Article X §10.2.3)

Setbacks / home size

3,800 square feet (excluding garage, storage, cellar, pool/gym). (Article X §10.1.2)

Maintenance

Owner (implied by Unit maintenance). (Article VIII §8.1.1 (Owner keeps all imp)

Insurance

Liability: $1,000,000 per occurrence for bodily injury/property damage. Property: all-risk coverage on Common Elements. (Article VI §6.1.1, §6.1.2)

Use restrictions

Yes, private use by a Family Unit (single-family dwelling, one dwelling unit per lot). (Article X §10.1.1)

Voting & meetings

Two classes: Class A (each Unit one vote); Class B (Declarant two votes per Unit owned). Conversion to Class A when Declarant votes equal total Class A votes or when Declarant transfers all Units. (Article IV §4.3.1, 4.3.2)

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