St George Condo

Key facts from St George Condo's documents

Community type

Condominium (Section 1)

Legal name

St. George Condominiums Association

Developer / declarant

Frank Polizzi and Josephine Polizzi

Governing law

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

Assessments & dues

Set by Association; amount at least sufficient to maintain exterior and operate common elements (Section 10(a))

Special assessments

Association may levy special assessment in any assessment year for construction, reconstruction, unexpected repair or replacement, capital improvement, or any other lawful purpose; due date fixed in authorizing resolution (Section 10(c))

Collections & liens

Unpaid assessments constitute a continuing lien on the unit and personal obligation; lien may be foreclosed by suit in name of Association in same manner as mortgage foreclosure; money judgment may be obtained without waiving lien (Section 10(f) and 10(g))

Reserves & fees

Interest and costs of collection including reasonable attorney's fees are added; no specific late fee amount mentioned (Section 10(f))

Leasing & rentals

Yes, subject to restrictions (Section 23(j))

Architectural approval

Yes, for structural additions, alterations, or improvements (except by Sponsor before initial sale) (Section 23(h))

Home business

Prohibited by residential use restriction (Section 23(a))

Maintenance

Association (roof is common element) (Section 4(B) (roof listed as common elem)

Insurance

Association shall obtain blanket property insurance on common elements; also liability insurance; premiums are common expense (Section 17; By-Laws Article II Section 1)

Use restrictions

Yes; units cannot be used for any purpose other than a private residence, except sponsor's units used as sales office, model, or administrative office (Section 23(a))

Voting & meetings

Each unit has one vote (Unit A: 1 vote, Unit B: 1 vote) (Exhibit D; By-Laws Article II Section 9)

Amendments

By owners at meeting (with limitations); also by unanimous written agreement; material amendments require approval of institutional first mortgagees; developer cannot vote unsold units for certain amendments; amendments must be recorded (Section 12)

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