North Winds Condo

Key facts from North Winds Condo's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

North Winds Condominium

Governing law

N.J.S.A. 46:8B-1 (New Jersey Condominium Act) (Section 1, page 4)

Assessments & dues

Association estimates common expenses yearly; assessments due by June 1st; paid in two semi-annual installments on January 31 and July 1 (Section 13(D), page 12)

Special assessments

Other assessments as determined by Association (Section 13(E), page 13)

Collections & liens

Association has lien for unpaid assessments; may foreclose lien or sue at law (Section 13(J) and (K), pages 14-15)

Reserves & fees

Association shall maintain reasonable reserve for emergencies, contingencies, bad weather, uncollected accounts, and reserve for replacement kept in interest-bearing account (By-Laws Article II, Common Expenses para)

Leasing & rentals

Not restricted for unit owners; Grantor reserves right to lease unsold units (Section 19(e), page 17)

Architectural approval

Prior written consent of Association and mortgagee required for structural additions, alterations, improvements (By-Laws Article IX, page 43)

Maintenance

Roof is common element, maintained by Association (Section 6(A) includes roof, page 7)

Insurance

Fire, lightning, other perils, flood, vandalism, mischief, windstorm; public liability for death/bodily injury; property damage (Section 16, page 15; By-Laws Article VII)

Use restrictions

No unit may be used for other than residential purposes (Section 9(B)(4), page 9)

Voting & meetings

Each unit has one vote; owner may designate proxy in writing (Section 8, page 5-6)

Amendments

Master Deed: 30 days written notice, 75% vote of Association, recording; By-Laws: 75% vote of all members; Grantor rights cannot be removed without Grantor's consent (Section 11, pages 10-11; By-Laws Article)

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