Windswept Condominiums

Key facts from Windswept Condominiums's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

WINDSWEPT CONDOMINIUMS

Developer / declarant

John D. Risso Builder, Incorporated

Governing law

Condominium Act of the State of New Jersey (L. 1903, C. 257) – as cited in document (Master Deed, Preliminary paragraph)

Assessments & dues

Board of Trustees determines common expenses, prepares a budget, and assesses common charges proportionally based on each unit's percentage of common interest. Charges are payable in one annual installment on the first day of the fiscal yea (By-laws Article II Section II (c); Artic)

Special assessments

Board may levy special assessments in such amounts and payable in such manner as it deems necessary for increased operating costs, capital expenses, or emergent situations, allocated in same proportions as common charges. (By-laws Article II Section II (p); Artic)

Collections & liens

Common charges and expenses constitute a lien on the unit in favor of the Association, prior to all other liens except taxes and prior recorded mortgages. Lien may be foreclosed like real estate mortgages, and Association may also seek pers (Master Deed Section 11; By-laws Article )

Reserves & fees

Board of Trustees may establish reasonable reserves for depreciation, retirements, renewals, as part of budget. (By-laws Article II Section II (c))

Leasing & rentals

Yes, but subject to right of first refusal by the Association (or Sponsor) and subject to restrictions: no portion of a unit (other than the entire unit) may be rented, and no transient tenants may be accommodated. A member receiving a bona (By-laws Article VIII Section I (A); By-l)

Use restrictions

Units shall be used only as private residential dwellings for the owner, family, tenants, and social guests, and for no other reason. (Master Deed Section 3 (Declaration of Re)

Voting & meetings

Each unit entitled to one vote. If co-owned, the one vote is divided by the number of co-owners. In Association meetings, each member in good standing may vote or appoint a proxy. Splitting of votes for a unit is prohibited; only one co-own (Master Deed Section F; By-laws Article I)

Amendments

Master Deed may be amended by affirmative vote of 100% of unit owners; no amendment may change a unit without that unit owner joining or consenting. By-laws may be modified or amended by affirmative vote of 100% of total interest in common (Master Deed Section J; By-laws Article I)

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