320 Via Cascata Drive, Clementon, NJ 08021 - (856) 783-6933
Effective February 1, 2019, the La Cascata Homeowners Association Board of Trustees will be implementing Article 2, Section 209 of the New Jersey Common Interest Association Act, Restrictions on transfers of ownership and use of units, which states that:
A common interest association may not restrict the transfer of ownership or lease of a unit except that it may:
(a) Restrict transfer of ownership of units to assure that owners are able to meet financial responsibility related to ownership
(b) Restrict leasing to meet requirements that a certain percentage of units be owner occupied if that is necessary to satisfy the requirements of institutions which regularly lend money secured by first mortgages on units in common interest associations or regularly purchase those mortgages
(c) Establish a minimum age limit or require certification of a handicap to comply with the purposes of a common interest real property established by the master deed as primarily for retirees, elderly persons or handicapped persons
(d) Afford the sponsors or the association a right of first refusal to purchase a unit from a unit owner if that right is required by State or Federal law.
As such, please be advised that leasing of this property is restricted and the property must be Owner occupied until further notice. Those who presently lease their unit(s) can continue to lease.
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What is an HOA?
A homeowners association (HOA) is a corporation that serves as the governing body of a residential community, such as a townhome or single-family development.
What are HOA fees and what are they used for?
HOA fees are used to pay the costs of ongoing maintenance and repairs to a community’s common areas, equipment, systems and shared amenities.
Why does my HOA have rules?
Your association’s rules and regulations are created to protect your community’s property values, enhance its lifestyle and promote a friendly, agreeable and fair environment for residents. While the rules may keep you from taking certain liberties pertaining to your home or community, they also prevent your neighbors from performing nuisance or disruptive actions or behavior as well. As a homeowner, and member of your association, you are obligated to obey its rules, so be sure you fully understand them, ideally before you buy a home in the community.