Margate Villas Condo

Key facts from Margate Villas Condo's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Margate Villas Condominium Association)

Legal name

MARGATE VILLAS CONDOMINIUM ASSOCIATION

Governing law

New Jersey Condominium Act (NJSA 46:8B, NJAC 5:26) (References: NJAC 5:26-8.13, N.J.S.A. 16;)

Collections & liens

Unpaid fines may be collected in the same manner as unpaid assessments, including recording a lien on the unit (Point 3: Unpaid fines may be collected i)

Reserves & fees

Late fee of 10% of monthly assessment for assessments not paid by the 10th of each month (Point 6: A late fee of 10% of the monthl)

Voting & meetings

All association members may nominate any member for candidacy (including self-nomination); proxies and absentee ballots are acceptable; each ballot has a write-in space; ballots cast anonymously; ballot tallying public and open to inspectio (Article V sections 4-5, 7, 9)

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