Washington Twins Condo

Key facts from Washington Twins Condo's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Washington Twins Condominium Association

Governing law

N.J.S.A. 46:8B-1 et seq. (New Jersey Condominium Act) (Master Deed, page 4; Amendment, Purpose )

Assessments & dues

Association fixes two annual Common Expense assessments and a general assessment. General assessment must be at least sufficient to maintain and operate Common Elements. (Master Deed, page 12)

Special assessments

Added assessment for operating expenses or unexpected repairs may be levied without vote. Special assessment for capital improvements over $10,000 requires assent of 100% of all votes eligible (excluding Grantor). (Master Deed, pages 12-13)

Collections & liens

Each assessment is a continuing lien on the unit subordinate to municipal taxes and first mortgage liens. Also the personal obligation of the owner. Association may collect interest and reasonable attorney's fees. (Master Deed, page 13)

Voting & meetings

Two votes total, one per unit. Initially held by Grantor; upon conveyance of a unit the owner receives that vote. Joint owners must designate one voter. (By-Laws Article II, page 49-50)

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