Longport Seaview Condominium

Key facts from Longport Seaview Condominium's documents

Community type

Condominium (Page 3: 'a New Jersey Condominium')

Legal name

Longport Seaview Condominium Association (Page 6: 'The Longport-Seaview Condominiu)

Units / lots

134 (Page 6: 'containing One Hundred Thirty-F)

Governing law

New Jersey Condominium Act, Chapter 257, Laws of 1969, N.J.S.A. 46:8B-1 et seq. (Page 4: 'subject to the provisions of th)

Assessments & dues

Based on estimated Common Expenses for the year including contingencies and reserves, less unneeded balances and estimated income from Common Elements use. Assessed according to each Unit Owner's percentage of undivided interest in the Comm (Page 17: 'each Unit Owner shall be liabl)

Special assessments

Permitted for other than Common Expenses or for reconstruction/repair when insurance insufficient. (Page 17: 'Assessments for other than Com)

Collections & liens

Association has a lien on each Unit for delinquent Assessments, with interest and reasonable attorney's fees. May foreclose lien. (Page 19: 'The Association shall have a l)

Reserves & fees

Not explicitly required, but assessments include a reasonable allowance for contingencies and reserves. (Page 18: 'including a reasonable allowan)

Leasing & rentals

Yes, but subject to Developer's right of first refusal; Unit Owner must give Developer notice of bona fide offer and Developer has 15 days to match. (Page 32-33: 'If any Unit Owner desires t)

Signs & flags

Developer may display signs for promotional, sales, exhibit and administrative purposes on Common Elements or within any Unit owned by it until last Unit sold. (Page 21: 'the Developer shall have the r)

Voting & meetings

Each Unit shall have a Vote equal to its percentage interest in the Common Elements as set forth in Exhibit F. (Page 12: 'Each Unit shall be entitled to)

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