Townhomes at 4100 Atlantic Ave

Key facts from Townhomes at 4100 Atlantic Ave's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (nonprofit corporation) for fee-simple oceanfront residences with common property (Article I.2 definition of Association; W)

Units / lots

12 Oceanfront Residences (subject to this Declaration); plus 148 future multi-family units in the larger Development (WHEREAS: 'twelve (12) oceanfront homes' )

Developer / declarant

4100 Atlantic Avenue Urban Renewal Associates LLC, a New Jersey limited liability company qualified as an urban renewal entity under N.J.S.A. 40A:20-1, et seq. (Page 4, opening paragraph)

Governing law

New Jersey law; references N.J.S.A. 40A:20-1 et seq. (urban renewal); also likely New Jersey Planned Real Estate Development Act (but not explicitly cited) (Declarant description; Article III.9 lie)

Assessments & dues

$2,200.00 per annum, payable in equal monthly installments of $185.00 per month (note: $185 x 12 = $2,220, discrepancy in document) (Article III.4)

Special assessments

Allowed for capital improvements, repair, replacement, or operating deficits; Board proposes and deemed approved unless vetoed by 67% of votes at a meeting held within 30-50 days after notice (Article III.7; Article III.8)

Collections & liens

Association has a statutory lien on each Oceanfront Residence for unpaid assessments, fines, interest, attorney fees; lien is prior to all except first mortgage recorded before delinquency and real estate taxes; foreclosure in like manner a (Article III.1; Article III.9; Article II)

Reserves & fees

Annual budget shall include capital reserve funds for replacement and/or repair of existing Common Property (Article III.3)

Pets

Yes, dogs, cats, or other domestic household pets; not for commercial purpose (Article VII.5)

Leasing & rentals

Yes, Owner may lease Oceanfront Residence (Article VII.25)

Parking & vehicles

Not explicitly prohibited, but vehicles may not block access; Association may adopt parking regulations (Article VII.31)

Architectural approval

Yes, Association approval required for exterior additions, alterations, structural changes, landscaping changes, fencing, pools, satellite dishes, solar collectors, etc. (Article VI.2(f); Article VII.9, VII.11, )

Home business

Not permitted (residential only) (Article VII.3)

Signs & flags

Limited: name plate, street number, 'For Sale'/'For Rent' signs per Rules, security system signs (max 100 sq in), political signs; no other signs; Declarant's construction signs exempt (Article VII.16(a))

Use restrictions

Oceanfront Residences may be used for residential use only, no business, commercial, or professional purposes; timeshare estates prohibited (Article VII.3)

Voting & meetings

Each Owner is a Member; voting rights per Member (likely one vote per Oceanfront Residence, but not explicitly stated in this document) (Article I.18 Definition of Member; Artic)

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