From the Lot Owners to the Association

Key facts from From the Lot Owners to the Association's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Page 2, "community known as 'Autumn Park)

Developer / declarant

DR HORTON INC

Governing law

N.J.A.C. 5:26-8.6 (Page 3, "for any reason set forth in N.J)

Assessments & dues

Association, in its discretion, shall enact a budget and fix annual Common Expense assessments in an amount at least sufficient to fulfill obligations (operating expenditures and repair and replacement reserve accumulation) (Article VIII, Section 7.1 (page 4))

Special assessments

Unforeseen expenses beyond annually budgeted amounts shall be borne equally by all sold Homes and unsold Homes with a certificate of occupancy owned by Declarant (Article VI, Section 8(b) (page 3))

Reserves & fees

Reserve contributions are collected from Lot Owners and turned over to Association at turnover; budget includes repair and replacement reserve accumulation requirements (Article VI, Section 8(b) and Article VII)

Amendments

Declarant may amend by virtue of right reserved in Article X, Section 2(c)(iv) of the Declaration (Page 2-3, "pursuant to Article X, Sectio)

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