Shore Club Condo

Key facts from Shore Club Condo's documents

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

Community type

Condominium (DOC 141852: 'SHORE CLUB CONDOMINIUM')

Legal name

Shore Club Condominium Association, Inc.

Governing law

New Jersey Title 15A and N.J.S. 46:8B-3 (Article I, 1.01 (Title 15A); Article I, )

Assessments & dues

Board determines amount in its sole discretion after Budget Committee recommendation (Article VII, 7.02)

Special assessments

Cannot exceed 10% of current budgeted common expenses nor expend over $5,000 for non-scheduled capital replacement without majority vote of unit owners, except for governmental or emergency needs (Article VII, 7.03 (LIMITATION) but likel)

Reserves & fees

Board must maintain reserves for repairs, replacements, emergencies; amounts assessed and collected for reserves must be kept in interest-bearing accounts and not used for other purposes (Article VII, 7.06)

Architectural approval

Architecture Committee investigates and makes recommendations to Board regarding any proposed structural change to interior or exterior of building or common area (Article X, 10.01a (Architecture Committe)

Maintenance

Association responsible for maintenance of general and limited common elements, including painting, replacement, repair, lawn maintenance, snow removal; unit owners responsible for interior? Not detailed (Article VI, 6.02a (association duties))

Insurance

Board determines deductible amount (Article VI, 6.02g: 'The amount of any de)

Use restrictions

Implied; not explicitly stated (Text does not address)

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