Fox Crest Condominium

Key facts from Fox Crest Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article I)

Legal name

Fox Crest Condominium Association, Inc.

Governing law

N.J.S.A. 46:8B-1 et seq. (WHEREAS and 1.09)

Age restriction

Section 10.05: 'Age Restrictions — Over 55 Community — Housing for Older Persons' (10.05 (Table of Contents indicates age r)

Assessments & dues

Not fixed; determined by Board of Directors annually (6.03)

Collections & liens

Each assessment is a continuing lien on the Unit; may be foreclosed like a mortgage. (6.02)

Reserves & fees

Reserves mentioned in context of budget and assessments. (6.06)

Use restrictions

Units are intended for independent ownership and use as residential dwellings. (1.27)

Voting & meetings

Each Unit Owner in good standing is entitled to one vote per Unit; all votes equal in weight. Developer may vote for owned units but not in transition elections or certain amendments. (5.03, 5.04)

Amendments

Capital improvement assessment amendment requires 2/3 vote (6.10). Developer has power of attorney to amend for certain purposes (9.01). (6.10, 9.01)

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