Line Street Condo

Key facts from Line Street Condo's documents

Community type

Condominium

Legal name

Line Street Condominium

Developer / declarant

Gabriel Mortgage Services, LLC

Governing law

N.J.S.A. 46:8B-1, et seq. (Master Deed, WHEREAS clauses and Section)

Assessments & dues

Association fixes two annual Common Expense assessments and a general Common Expense assessment, at least sufficient to maintain and operate Common Elements. (Master Deed, Common Expense Assessments )

Special assessments

For capital improvements in excess of $10,000 requires 100% assent of all votes eligible to be cast (excluding Grantor). (Master Deed, Common Expense Assessments )

Collections & liens

Each assessment is a continuing lien on the unit and personal obligation; subordinate to municipal taxes and first mortgage. (Master Deed, Common Expense Assessments )

Reserves & fees

Referenced in By-Laws Table of Contents, Article VI includes "Reserves" (page 44); no details provided in text. (By-Laws Table of Contents (page 44): "Re)

Leasing & rentals

Not prohibited for unit owners; Grantor has unrestricted right to lease. (Master Deed, Provisions Applicable to Gr)

Fences

Fence, wall, hedge or mass planting not over 4 feet; must meet approval of Unit Owners; swimming pool fencing may exceed if required by regulations. (Master Deed, Restriction (v) (page 20): )

Architectural approval

Yes, for exterior alterations, modifications affecting bearing walls or common elements, etc. (Master Deed, Restrictions (d), (e), (l),)

Home business

Restricted; no commercial enterprise without written authorization. (Master Deed, Restriction (b) (page 17-18)

Maintenance

General maintenance and repair of roofs = Unit Owner responsibility; replacement = Association responsibility with agreement of Unit Owners. (Master Deed, Limited Common Elements (1))

Use restrictions

Yes (Master Deed, Restriction (u) (page 20): )

Voting & meetings

Each unit has 1 vote; total 2 votes; initially held by Grantor; transferred upon conveyance of unit. (By-Laws Article II, Section 3 (page 46-4)

Amendments

Before first unit sale: Grantor may freely amend. After first unit sale: by 75% of all votes entitled to be cast. No amendment impairing Grantor's rights. (Master Deed, Amendment of Master Deed (p)

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