Thomastown Courts Condominium

Key facts from Thomastown Courts Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Thomastown Courts Condominium Association, Inc.

Units / lots

114 (66 in Section 1, 48 in Section 2) (Section 1.0(M) and Recital C)

Developer / declarant

Philco, Inc.

Governing law

Condominium Act of the State of New Jersey P.L. 1969, C.257, N.J.S.A. 46:8B-1 et seq. (Section 1.0(I))

Assessments & dues

Common expenses assessed proportionately based on percentage interest (0.8772% per Unit) (Sections 4.1 and 6.1)

Special assessments

If prior to merger of capital reserve accounts the Association has insufficient liquid assets to fund maintenance, repair or replacement of any Section 1 capital item, the Association shall specially assess only the Section 1 Units to raise (Section 6.3(B))

Collections & liens

Costs and expenses of eviction action (including legal fees) constitute a lien on the Unit enforceable in the same manner as collection of Common Expenses (Section 12(G))

Reserves & fees

Capital reserve accounts for Section 1 and Section 2 separately until both fully funded; then merged. Until merger, Section 1 Units assessed for Section 1 capital assets, Section 2 for Section 2 capital assets, and all Units for common capi (Section 6.3(A) and (B))

Leasing & rentals

Yes, subject to restrictions (Section 12(F))

Fences

Fences are Limited Common Elements; all power-washing, painting or staining, structural repair and replacement of fences shall be responsibility of individual Unit Owners (Section 3.01(A))

Setbacks / home size

Each Unit has a front and rear yard as Limited Common Elements extending 15 feet from the front and rear exterior surface of the building, extending the width of the Unit (Section 3.01(A) and Exhibit B notes)

Maintenance

Roofs are Common Elements as indicated on unit plans: 'ALL ROOFS ARE COMMON ELEMENTS AND NOT PART OF THE UNIT.' (Exhibit C-2 unit plans (pages 476-484))

Voting & meetings

One vote per Unit; if co-owned, vote divided by number of co-owners (Section 4.1)

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