Lanor Villas Condo

Key facts from Lanor Villas Condo's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed: 'subject the Property to th)

Legal name

LaNor Villas Condominium Association

Developer / declarant

La Nor Villas, A Limited Liability Company (Master Deed opening paragraph)

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Master Deed preamble; By-Laws Article I )

Assessments & dues

Board proposes budget, approved by two-thirds of total unit vote; notice of estimated amount to owners. (By-Laws Article VI Section 1; Article VI)

Collections & liens

Assessments are a lien on the unit; Association may foreclose; lien includes interest, late fees, and reasonable attorney's fees. (By-Laws Article VI Section 1; Second Ame)

Reserves & fees

Assessments include monthly payments to general operating reserve and reserve fund for replacements. (By-Laws Article VI Section 1; Master Dee)

Leasing & rentals

Yes, but subject to Board rules; rules may include duration, form, notice, maximum number of leased units, and requirement that owner reside in unit for at least 18 months before leasing. (Second Amendment to Article IV Section 3)

Parking & vehicles

Prohibited if unused, abandoned, or disabled. (Master Deed Twenty-Seventh K)

Architectural approval

Board approval required for painting, decorating, or changing exterior appearance; for signs, awnings, grills, fences, canopies, shutters, antennas, satellite dishes, and for any alterations to common elements. (Master Deed Twenty-Seventh I and L)

Use restrictions

Units shall be used only as private residences (except for Sponsor sales offices and models). (Master Deed Twenty-Seventh B)

Voting & meetings

One vote per unit; may not be split among co-owners; votes must be cast in person, not by proxy; for elections, each unit may cast all votes for one director or distribute; good standing required (membership may be suspended for nonpayment (By-Laws Article II Section 1, Section 3;)

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