Club at Galloway Condominium

Key facts from Club at Galloway Condominium's documents

Community type

Condominium

Legal name

The Club at Galloway Condominium

Units / lots

180

Developer / declarant

K. Hovnanian at Galloway, Inc.

Governing law

N.J.S.A. 46:8B-1 et seq. (The Condominium Act of New Jersey) (Recitals, Page 1)

Assessments & dues

By Board of Trustees based on operating budget; each unit pays 1/180th or fraction of total budget (Article XIII, Page 58)

Special assessments

Allowed; also any additional charges may be assessed as needed (Paragraph 14) (Paragraph 14, Page 10)

Collections & liens

Association has lien for unpaid assessments; lien prior except for taxes and first mortgage; foreclosure allowed (Paragraph 14, Page 10)

Reserves & fees

Board must maintain reserves for maintenance, repairs, replacements; funds to be kept in interest-bearing accounts (Article XV, Page 59)

Leasing & rentals

Yes, subject to restrictions; not for transient or hotel purposes (less than 180 days or hotel services) (Paragraph 20) (Paragraph 20, Page 12)

Architectural approval

Structural modifications require written consent of Association; also no window air conditioners, etc. without consent (Paragraph 17) (Paragraph 17, Page 11)

Home business

Not explicitly prohibited, but commercial use not allowed; only residential (Paragraph 3, Page 6)

Maintenance

General common elements maintained by Association; limited common elements maintained by unit owner (except structural components, which are Association's responsibility). (Paragraph D, Page 4)

Insurance

Association shall insure buildings against fire and other casualties (broad form fire and extended coverage) (Paragraph 21(c)). (Paragraph 21(c), Page 12)

Use restrictions

Units shall be occupied and used only as private residential dwellings for owner, family, tenants, guests (Paragraph 3) (Paragraph 3, Page 6)

Voting & meetings

Each unit has one vote; voting allocation per unit as set forth in Article XIII of Bylaws (1/180th share per unit, adjusted if fewer units built) (Paragraph 8, Article XIII of Bylaws (Pag)

Amendments

Until 75% units sold: requires acquiescence of all owners and mortgagees; thereafter 75% affirmative vote of owners (Paragraph 12); Grantor has additional amendment rights for 5 years from first conveyance or 7 years from recording or until (Paragraphs 12, 27)

Amenities

Recreational facilities mentioned; swimming pool? Not specified; generally common elements include roads, walkways, etc. No specific amenities listed. (General common elements list (c) Page 3)

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