Embassy Condominium (NJ)

Key facts from Embassy Condominium (NJ)'s documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed Section 1: 'submit the land.)

Legal name

Embassy Condominium Association

Governing law

New Jersey Condominium Act (N.J.S.A. 46:8B-1 et seq.) (Master Deed Section 1: 'pursuant to the )

Assessments & dues

Board of Trustees determines Common Expenses and assessments; Developer consent required for substantial increase until January 1, 1985 (By-Laws Article VII(B): 'Determination o)

Special assessments

Permitted; Developer consent required until Jan 1, 1985 (Master Deed Section 5(d)(ii): 'special a)

Collections & liens

Unpaid assessments become lien on unit, enforceable by suit; subordinate to first mortgages; lien extinguished upon sheriff's sale or deed in lieu; subsequent owner not liable for prior assessments (Master Deed Section 11(a)-(c): 'shall co)

Reserves & fees

Common Expenses include reasonable reserves (Master Deed Section 5(c): 'including rea)

Leasing & rentals

Yes, with restrictions: no transient/hotel (term <1 week), must lease entire unit, written lease subject to governing documents (Master Deed Section 9(a): 'No Unit Owner)

Maintenance

Association (roof is Common Element) (Master Deed Section 5(a)(iv): 'roofs' li)

Use restrictions

Only single housekeeping residential purposes (Master Deed Section 8(b): 'any Unit may )

Voting & meetings

100 votes total; each Unit Owner gets one vote per 1% undivided interest in Common Elements (By-Laws Article II(B): 'There shall be o)

Amendments

By 75% vote of Unit Owners at meeting with notice, or by agreement signed by record owners of 75% interests; no amendment discriminating or changing common interest without affected owners consent; Developer may amend without approval for c (Master Deed Section 13: 'resolution adop)

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