Sutors Island Inn a Condo

Key facts from Sutors Island Inn a Condo's documents

Community type

Condominium

Legal name

Sutors Island Inn, A Condominium

Governing law

N.J.S.A. 46:8B-1 et seq. (Article ESTABLISHMENT OF CONDOMINIUM; pa)

Assessments & dues

Fixed annually by Association to be sufficient to maintain and operate common elements (COMMON EXPENSE ASSESSMENTS (a); page 12:)

Special assessments

Allowed for capital improvements only with 66-2/3% vote of all eligible votes; Grantor votes ineligible (COMMON EXPENSE ASSESSMENTS (c); page 12)

Collections & liens

Assessments are a continuing lien on unit, subordinate to municipal taxes and first mortgage; personal obligation of owner (COMMON EXPENSE ASSESSMENTS (e); page 13)

Pets

Dogs, cats or similar type pets permitted (RESTRICTIONS (i); page 19)

Leasing & rentals

Yes, with minimum term of 180 days (RESTRICTIONS (w); page 21: 'lease shall )

Architectural approval

Board written approval required for alterations to exterior, changes affecting bearing walls, etc. (RESTRICTIONS (d), (e), (m), (p); pages 1)

Home business

Prohibited unless authorized in writing by Board (RESTRICTIONS (b); page 18: 'no Unit may )

Maintenance

Unit owner responsible for maintenance of unit; Association responsible for common elements and limited common elements including parking and pool deck (COMMON EXPENSE ASSESSMENTS (f); page 13;)

Insurance

Association obtains master policy covering common elements and units' interest; includes multi-peril, public liability ($1M), flood, worker's comp, contents (80%), fidelity, E&O optional (INSURANCE (b); pages 27-28)

Use restrictions

Units are for residential dwelling; plus one commercial unit (restaurant and bar) (DEFINITIONS (p); page 6: 'Unit shall mea)

Voting & meetings

37 votes; each unit owner votes appurtenant votes (VOTING; COMMON EXPENSES; page 12: 'There)

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