Fifty Five Railroad Ave Homeowners

Key facts from Fifty Five Railroad Ave Homeowners's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association

Legal name

55 Railroad Avenue Homeowners Association, Inc. (Page 2, 'a nonprofit corporation known .)

Units / lots

8 (7 building lots, 1 detention lot) (Page 2, 'subdivision of same into eight )

Developer / declarant

Progressive Properties, Inc.

Governing law

New Jersey Nonprofit Corporation Act, N.J.S. 15A:1-1 et seq. (Page 8, 'the provisions of the New Jerse)

Assessments & dues

Not fixed; estimated annual common expense per Schedule D: grass mowing $800/yr, sand base replacement $360/yr, fence replacement $620/yr, total $1,780/yr, allocated equally among lots (Schedule D, Page 17, 'Grass Mowing is ba)

Special assessments

Authorized for unexpected repair/replacement (Special Assessments for Association Expenses), for damages/violations (Special Assessments for Damages, Violations and Failures of Lot Owners), Emergency Common Expense Assessment, and Remedial (Page 6, 'In addition to the Annual and E)

Collections & liens

Each assessment together with interest, late charges, and cost of collection (including reasonable attorneys’ fees) is a continuing lien upon the Lot and the personal obligation of the Owner; liens may be foreclosed by suit in the name of t (Page 5, 'Each such assessment, together )

Voting & meetings

Amendment requires vote of delegates representing at least 67% of all Lot Owners; each Lot Owner likely one vote (Page 10, 'by a vote of delegates represe)

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