Foxwood Condominium One

Key facts from Foxwood Condominium One's documents

Community type

Condominium

Legal name

Foxwood Condominium I Association

Governing law

New Jersey Nonprofit Corporation Act (implied) (Preamble: non-profit corporation of the )

Assessments & dues

Annual Common Expense Assessment paid in 12 equal monthly installments; due first of month. (Resolution A.1)

Special assessments

Resolution mentions 'emergency, special, remedial or other assessments' may be due; procedures apply to all charges. (Resolution preamble and A.1)

Collections & liens

After 30 days from initial counsel notice, Association may file a lien; notice given to institutional lenders. Foreclosure may commence after 180 days or when amount exceeds $3,500. (Resolution A.6, A.8)

Reserves & fees

Not explicitly stated; interest applies after 15 days. (Resolution A.2 implies no separate late )

Leasing & rentals

Yes, form lease exists; lease rider added to allow direct rent collection. (Preamble B: 'add a lease rider to their )

Voting & meetings

Majority of eligible unit owners may amend bylaws at a meeting where quorum is present, including proxy voting. (Preamble D)

Amendments

Bylaws can be amended by majority of eligible unit owners at a meeting with quorum, as per Section 22 of Bylaws. (Preamble D: 'Pursuant to Section 22 Byla)

Amenities

Common elements and amenities exist; access may be suspended for delinquent owners. (Resolution A.10: 'access to common eleme)

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