Greate Bay Villas Condo

Key facts from Greate Bay Villas Condo's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Greate Bay Villas

Developer / declarant

Bayview Villas Corporation

Governing law

Condominium Act of the State of New Jersey, Chapter 257, Laws of New Jersey 1969, effective January 7, 1976, as amended (Preamble)

Assessments & dues

Annual assessment established by Board of Directors in advance, based on estimated expenses plus contingency and reserves (Article IX.C: "Assessments for recurring)

Special assessments

Allowed for emergencies after Board approval and 30 days notice (Article IX.D: "Assessments for Common Ex)

Reserves & fees

Included as part of assessment calculation (allowance for contingencies and reserves) (Article IX.C)

Leasing & rentals

Yes, but subject to Association approval and right of first refusal (Article XI.F.1: "No Villa owner may disp)

Architectural approval

Yes, for alterations to portions maintained by Association, changes to exterior appearance (Article VIII.I: "No Villa owner shall ma)

Insurance

Up to $10,000 (Article X.D.2(a): "may contain a deducti)

Use restrictions

Villas used only for single family residences; no professional or other office (Article XI.A: "The Villas shall be used )

Voting & meetings

One vote per Villa (Article VIII.E.2: "Voting ... shall be o)

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