Fairway View Estates a Condominium

Key facts from Fairway View Estates a Condominium's documents

Governing law

N.J.S.A. 46:8B-1 et seq. (Section 2.13)

Collections & liens

Each Common Expense Assessment is a continuing lien on the Unit and may be foreclosed like a mortgage. (Section 7.02)

Reserves & fees

Replacement reserves for completed improvements are required; schedule updated periodically. (Section 7.06)

Pets

Only as permitted by Rules and Regulations; no reptile or animal of any kind raised, bred, or kept except as permitted. (Section 11.03(c))

Leasing & rentals

Affordable units: leasing only on short-term hardship basis with Administrative Agent approval. Owner must occupy as principal residence. For two-family homes, rental unit must be leased to income-certified low-income households. (Section 11.01(d)(e)(f))

Architectural approval

Board approval required for removal of interior partitions (non-bearing walls) and for exterior alterations like signs, awnings, fences, etc. (Sections 4.03, 11.03(g))

Voting & meetings

Each Member in Good Standing casts one unweighted vote per Unit for election of Trustees; for other questions, vote equal to percentage interest in Common Elements. Sponsor cannot vote unsold Units for election of trustees, amending documen (Section 6.05)

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