Ritz Carlton Condo

Key facts from Ritz Carlton Condo's documents

Community type

Condominium

Legal name

The Ritz Carlton Condominium Association

Governing law

Planned Real Estate Development Full Disclosure Act (PREDFDA), N.J.S.A. 45:22A-21 et seq.; Radburn Bill, P.L. 2017, Ch. 106; N.J.S.A. 2A:62A-13; N.J.S.A. 5:26-1 et seq. (PREDFDA Regulations) (Several WHEREAS clauses in each amendmen)

Reserves & fees

Late fees may be charged; referenced as part of 'other charges lawfully assessed' (Good Standing definition (DOC 141761) an)

Leasing & rentals

30 consecutive days minimum rental period (Amendment to By-Laws Art. V, Sec. (i) (D)

Voting & meetings

Members in good standing may vote in board elections and on amendments; good standing for voting defined as current on assessments or in compliance with settlement or having a pending dispute via alternative to litigation or court action (Amended By-Laws Art. III, Sec. 10 (DOC 1)

Amendments

Board may amend By-Laws without membership vote by providing notice to all owners and a 30-day rejection period; if less than 10% of members reject, amendment is adopted and recorded; board must hold a meeting with quorum and majority vote (By-Laws Art. XIII (amended by DOC 141761)

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