Green Pond Mews Condominium

Key facts from Green Pond Mews Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Green Pond Mews Condominium

Developer / declarant

POND REALTY, L.L.C.

Governing law

N.J.S.A. 46:8B-1 et seq. (Condominium Act) (Section 2(j): Condominium Act shall mean)

Assessments & dues

Board fixes Common Expense assessments at least sufficient to maintain exterior of Units and Common Elements; based on undivided percentage interest (9.0909% per Unit). (Section 10: It shall be an affirmative a)

Special assessments

Allowed for emergency or immediate need; capital improvement assessments >$15,000 require 2/3 vote of Eligible Votes with 50% quorum; building-specific assessments allowed for non-routine maintenance. (Section 10: In the event that the annual)

Collections & liens

Each assessment is a continuing lien upon the Unit and personal obligation of owner; foreclosure available in same manner as mortgage, and money judgment may be maintained without waiving lien. (Section 10: Each assessment shall be a c)

Reserves & fees

Sponsor responsible for accrued contributions to Reserves as required under Bylaws Article 5.11(A); Sponsor pays reserves for unsold Units with certificate of occupancy. (Section 11: Sponsor shall be solely resp)

Pets

Yes, customary household pets as defined by Board; purchasers from Sponsor may maintain up to two household pets through entire ownership. (Section 13(d): No animal may be kept ...)

Leasing & rentals

Yes, but only entire Unit, for term at least one year (except to contract purchaser for less); must be in writing, subject to Governing Documents, copy to Association, with processing fee; Sponsor exempt. (Section 13(p): No Unit shall be rented .)

Use restrictions

Units shall be used primarily as private single-family residences; other uses permitted if no external impact. (Section 13(a): Units shall be used prima)

Voting & meetings

One vote per Unit (Section 6: Each Unit shall be entitled t)

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