The Mckenzie Condominium Association Inc

Key facts from The Mckenzie Condominium Association Inc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Line: 'shall establish the condominium f)

Developer / declarant

Carlton URF LLC (Page 3: 'THIS MASTER DEED is made this 2)

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Page 3, WHEREAS clause: 'pursuant to the)

Assessments & dues

Determined annually by the Board; not a fixed amount (Section 6.03: 'It shall be an affirmativ)

Special assessments

Special Common Expense Assessment allowed; if exceeds $10,000 (adjusted by CPI since January 2020) in aggregate in any assessment year, requires prior assent of 66-2/3% of Members in Good Standing owning 66-2/3% of total Common Element inte (Section 6.10: 'if ... exceeds in the agg)

Collections & liens

Each assessment and all fines and other charges assessed against a Unit shall be a continuing lien upon the Unit; may be foreclosed by suit in same manner as foreclosure of mortgage on real property (Section 6.02: 'Each assessment and all f)

Reserves & fees

Working capital charge may be used for replacement reserve; also reserves required for all units before Declarant relinquishes control? Section 6.06: 'If at least one certificate of occupancy has been issued, the Declarant shall be responsi (Sections 6.15 and 6.06)

Leasing & rentals

Yes, with restrictions (Section 10.01G: 'a Unit Owner shall have)

Architectural approval

Yes for interior partitions and nonbearing walls; also for any changes that may affect Common Elements or exteriors; specific approval from Board required (Section 3.02A: 'interior partitions or n)

Home business

Prohibited (Section 10.01H)

Signs & flags

Declarant reserved easement to post signs for sales promotion until last unit sold or 5 years; no general sign restriction for owners (Section 8.02B: 'including the posting of)

Use restrictions

Yes; no Unit shall be used for any purpose other than as a private residence; no business, trade, profession or occupation conducted in any Residential Unit (Section 10.01A: 'No Unit shall be used f)

Voting & meetings

Each Unit Owner in good standing: one vote per Unit for election of trustees; in all other matters, votes allocated according to Undivided Percentage Interest in Common Elements (Section 5.03: 'Each Unit Owner, includin)

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