Glen Ridge Townhomes

Key facts from Glen Ridge Townhomes's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome (single-family attached residential units) (Page 1: 'residential community of single)

Legal name

GLEN RIDGE OWNERS’ ASSOCIATION (Article I, Section One: 'GLEN RIDGE OWNE)

Developer / declarant

GLENRIDGE DEVELOPMENT COMPANY, LLC (Page 1: 'GLENRIDGE DEVELOPMENT COMPANY, )

Assessments & dues

Board may increase annually up to greater of 10% or CPI increase. Above that requires 2/3 vote of each class. (Article V, Section Four(A) and (B))

Special assessments

Allowed for capital improvements or replacement, with assent of 2/3 votes of each class. (Article V, Section Five)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of common areas and other obligated improvements. (Article V, Section Three)

Pets

Dogs and cats allowed, not for commercial purposes, and must not create nuisance. (Article IX, Section Seven)

Insurance

Each Owner must obtain hazard insurance on their Unit for full replacement cost, with Association as additional insured, in form acceptable to Board. (Article VIII, Section Two(a))

Use restrictions

Properties shall be used for residential purposes only, except as expressly stated (construction period, sales office). (Article IX, Section Five)

Voting & meetings

Class A: 1 vote per Lot owned. Class B: Declarant, 3 votes per Lot owned and for proposed lots. When more than one owner, vote exercised as they determine but no more than one vote per Lot. (Article IV, Section Two)

Amendments

This Declaration may be amended only in strict compliance with its provisions. No amendment impairing Special Declarant Rights without Declarant's written consent. (Article XIII, Section Three)

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