Somers Manor Condo

Key facts from Somers Manor Condo's documents

Community type

Condominium

Legal name

Somers Manor Condominium

Governing law

New Jersey Revised Statutes 46:8B-1 et seq. (New Jersey Condominium Act) (Page 4: 'under and pursuant to the provi)

Assessments & dues

Not fixed; estimated by Management Committee annually. (Page 13: 'the MANAGEMENT COMMITTEE shall)

Special assessments

Management Committee may levy further assessment if estimate proves inadequate. (Page 13: 'if such estimate proves inadeq)

Collections & liens

Amount of assessment plus interest and costs becomes a lien upon recording of Claim of Lien; enforceable by foreclosure; receiver may be appointed. (Page 14: 'shall become a lien upon the C)

Reserves & fees

Reserve deposits held in separate interest-bearing account. By-Laws require Management Committee to maintain reserves for replacement. (Page 26: 'held in a separate interest be)

Voting & meetings

Each unit owner votes based on percentage interest in common elements; total 100 votes: Unit 100:14, Unit 200:12, Unit 101:37, Unit 201:37. Also any unit owner has absolute veto over exterior changes (exterior configuration, color combinati (Page 12: 'the owner of Unit 100 shall ha)

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