Meadows Edge Condo

Key facts from Meadows Edge Condo's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (All documents, e.g., Master Deed title)

Legal name

Meadows Edge Condominium

Units / lots

originally a minimum of 2 and maximum of 8; reduced to maximum of 4 by First Amendment; Third Amendment confirms 4 units (Master Deed, page 4 (MD-1); First Amendm)

Developer / declarant

RALPH CLAYTON

Governing law

New Jersey Condominium Act (N.J.S.A. 46:8B-1 et seq.) (First Amendment, page 2; Master Deed, pa)

Assessments & dues

Management Committee estimates annual budget, then assesses Unit Owners based on percentage interest; paid in equal quarterly installments due January 1 (Master Deed, page 12 (MD-9))

Collections & liens

Unpaid assessments become a lien upon recording a Claim of Lien; Association may foreclose like a mortgage (Master Deed, page 13-14 (MD-10 to MD-11))

Reserves & fees

Reserve deposits held in separate interest-bearing account; used for emergencies when assessments insufficient or owner fails to pay (Master Deed, page 25-26 (MD-22 to MD-23))

Pets

Domestic pets may be kept subject to Rules and Regulations; Management Committee may prohibit entirely (Master Deed, page 16 (MD-12(e)))

Leasing & rentals

Not prohibited; Unit may be occupied by lessee as permitted occupant (Master Deed, page 15 (MD-12(a): 'lessee )

Parking & vehicles

Individually assigned parking spaces; each Unit Owner provided with parking spaces on condominium property (Master Deed, page 8 (MD-5); Third Amendm)

Architectural approval

Consent of Management Committee required for any alteration or construction in or removal from Common Elements (Master Deed, page 16 (MD-12(g)))

Use restrictions

Each Unit shall be occupied and used as a single family home within a duplex, side by side condominium (Master Deed, page 15 (MD-12(a)))

Voting & meetings

One vote per Unit; Developer cannot vote unsold units for amendments changing use or reducing common elements (Master Deed, page 11 (MD-8) and page 19 )

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