Country Place Condo

Key facts from Country Place Condo's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Country Place Condominium

Units / lots

200 (Article 1: "a total of 80 one-bedroom an)

Developer / declarant

R & I ASSOCIATES, a New Jersey Joint Venture between Resorts Country Place, Inc., a New Jersey Corporation, and I Associates, a New Jersey Partnership (Preamble)

Governing law

Condominium Act of the State of New Jersey N.J.S.A. 46:8B-2 et seq. (Article 1)

Special assessments

Board may levy special Common Expense assessment for construction, reconstruction, unexpected repair, capital improvement, or other lawful purpose, authorized by vote of two-thirds (2/3) of aggregate votes of members in good standing at a m (Article 5)

Collections & liens

Association has lien on each Unit for unpaid Common Expenses, subordinate to prior recorded permitted mortgage. Foreclosure sale proceeds applied; if insufficient, unpaid balance charged to all Unit Owners as Common Expense. Mortgagee acqui (Article 5)

Voting & meetings

Each Unit Owner has one vote; aggregate 200 votes (Article 6: "each Unit Owner having one ()

Amendments

Master Deed may be amended by Unit Owners owning not less than 51% of total ownership interest; if Act requires unanimous consent, then unanimous. Sponsor shall not cast votes for unsold units for purpose of changing permitted use or reduci (Article 21)

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