Seabreeze Condominium

Key facts from Seabreeze Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Paragraph 1)

Legal name

Seabreeze Condominium

Developer / declarant

COPPOLA DEVELOPERS, LLC

Governing law

New Jersey Revised Statutes 46:8B-1 et seq. (Condominium Act) (Preamble and paragraph 1)

Assessments & dues

Projected $4,788 per unit per year; $200 per month per unit (in Exhibit E, not a fixed amount) (Exhibit E - Projected Annual Budget)

Special assessments

Special assessments may be made at any time to meet requirements including capital improvements (Paragraph 11.B)

Collections & liens

Assessments become a lien against the unit subject to N.J.S.A. 46:8B-21; Association may foreclose the lien (Paragraph 11.D, 11.E, 11.G)

Reserves & fees

Interest at 12% per annum commencing five days after due date (Paragraph 11.D)

Pets

Domestic pets may be kept by unit owners, but not in common elements or limited common elements (Exhibit D - PETS)

Leasing & rentals

Yes, leases and occupancy agreements shall have a term of at least one month (Paragraph 8.G)

Maintenance

Association maintains Common Elements; repairs incidental damage from Association work; repairs damage from Common Element failure not caused by owner/guest. Unit owner maintains all portions of his unit as described in paragraph 5; pays fo (Paragraph 13.B and 13.C)

Insurance

Association obtains casualty/physical damage insurance on buildings at full replacement value, including flood, fire, extended coverage, vandalism, malicious mischief, windstorm, flood damage, and other risks; also public liability insuranc (Paragraph 14.C)

Use restrictions

Units designed and intended for use as a private residence (Paragraph 3.N definition of Unit: "desig)

Voting & meetings

One vote per unit, aggregate of two votes (Paragraph 10: "The owner of each unit sh)

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