Willingboro Assoc

Key facts from Willingboro Assoc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Willingboro Assoc

Units / lots

70 (low and moderate income residential rental units) (Doc 141057, PAGE 3: 'seventy (70) low an)

Developer / declarant

Willingboro Associates, LLC

Assessments & dues

Owner of Lot 13.02 responsible for 45% of Common Expenses; other lots' shares not specified; management company establishes budget for repair, maintenance, replacement (Doc 140661, Section 3.03 PAGE 8 and Sect)

Collections & liens

If owner fails to pay common expenses after 30 days written demand, other owners may pay and file lien for amount plus $2,500 for filing/collection; lien subordinate to taxes and mortgages; also joint and several liability with judicial enf (Doc 140661, Section 3.05 PAGE 9-10)

Reserves & fees

Common Expenses include reasonable reserves for repair, maintenance, replacement of Common Improvements (Doc 140661, Section 3.02.A PAGE 7)

Maintenance

Common Improvements (recreation area, open space, roadways, etc.) are maintained via Common Expenses paid by all owners; Shared Project Amenities repair/maintenance costs are Common Expenses, but capital expenditures on owner's lot are born (Doc 140485, PAGE 3-4; Doc 140661, Sectio)

Use restrictions

Property shall be used solely for purpose of providing rental dwelling units for low- or moderate-income housing (Doc 141057, Article 3.B PAGE 4-5)

Voting & meetings

66% of lot owners vote to amend Declaration, subject to Township approval (Doc 140661, Section 4.04 PAGE 11)

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