Somers Mill Square Condo

Key facts from Somers Mill Square Condo's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed §1)

Legal name

Somers Mill Square Condominium Association, Inc.

Developer / declarant

EL-RO, Inc.

Governing law

Condominium Act of the State of New Jersey (N.J.S.A. 46:8B-1 et seq.) (Master Deed §1)

Assessments & dues

Common Expenses determined by Board of Directors; assessed proportionally to Common Interest (Master Deed §8; By-Laws Art. III §2(b))

Special assessments

Permitted; Board may levy special assessments in same proportions as common expenses; limited while Sponsor controls (By-Laws Art. III §2(o))

Collections & liens

Association has a lien on each Unit for unpaid Common Expenses, including interest, collection costs, and 25% attorney fees; lien subordinate to first mortgages. Association may foreclose. Purchaser at foreclosure not liable for pre-acquisi (Master Deed §8)

Reserves & fees

Common Expenses include 'any reasonable reserves'; Board may establish reserves for depreciation, retirement, renewals (Master Deed §2 definition of Common Expe)

Maintenance

Roof is part of building structure and likely Common Element; Association responsible (Inferred from §5.A(ii) Common Elements i)

Insurance

Association shall obtain casualty/physical damage insurance on each Building and improvements (fire, extended coverage, vandalism, malicious mischief, windstorm, flood, etc.) in amount of actual cash value with replacement cost endorsement; (Master Deed §10)

Voting & meetings

Based on proportionate undivided interest in Common Elements (Common Interest); aggregate 100 votes (Master Deed §7; By-Laws Art. II §8)

Amendments

Requires approval of Unit Owners owning not less than 75% of Common Interest; must be recorded. Developer cannot vote for amendments changing permitted use or reducing Common Elements. (Master Deed §13)

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