Oceanaire Condominium

Key facts from Oceanaire Condominium's documents

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

Developer / declarant

Fifty-Three Hundred Boardwalk Condominium Association, Inc. (the Association) (Preamble)

Governing law

New Jersey Condominium Act, N.J.R.S. 46:8B-1 et seq. (Section 1)

Assessments & dues

Not fixed; determined annually by Board. (Section 10(b))

Collections & liens

Unpaid assessments constitute a continuing lien on the unit; may be foreclosed like a mortgage; also personal obligation of owner. (Section 10(f))

Pets

Implied; document references 'household pet' in context of owner liability. (Section 10(i))

Use restrictions

Units may be used only as private residences, except Sponsor's sales/model/administrative offices. (Section 23(a))

Voting & meetings

One vote per unit; total votes not to exceed 40; no fractional votes; vote appurtenant to unit. (Section 2 (one vote per combined unit); )

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