West Side Square Condominium

Key facts from West Side Square Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble: "submits to the condominium fo)

Units / lots

Two Master Units described (Master Unit 1 and Master Unit 2) but Section 5.2 references five (5) Master Units (Article III; Section 5.2)

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Section 1.5)

Assessments & dues

Not fixed; amount determined by Board of Directors (Section 6.3)

Special assessments

Yes, Emergency and Special Condominium General Common Expense Assessments permitted (Sections 6.9, 6.10)

Collections & liens

Assessments are a continuing lien on the Master Unit; may be foreclosed like a mortgage. Association must provide notice to lender who may cure within 60 days. (Section 6.2)

Reserves & fees

Not required explicitly; reserves mentioned in context of special assessments (inadequate reserves) (Section 6.10)

Leasing & rentals

Yes: Master Unit 1 intended be rented at market rates; component parts of Master Units may be leased for retail, restaurant, or other permitted use. (Sections 3.1.A (intro) and 5.4)

Architectural approval

Board may promulgate Rules and Regulations for maintenance, repair, and replacement standards (including materials, colors, etc.) but no explicit ARC approval process for modifications. (Section 7.1, last paragraph)

Setbacks / home size

Master Unit 1: five (5) to twelve (12) stories (Section 3.1.A)

Maintenance

Owner maintains Master Unit and Limited Common Elements; Association maintains General Common Elements. Detailed in Article VII. (Article VII generally)

Insurance

Each Master Unit Owner shall obtain and continue in effect property and casualty insurance on their Master Unit(s). (Section 7.1 (last paragraph before add'l)

Use restrictions

Not explicitly, but compliance with rules and regulations required. (Section 5.6)

Voting & meetings

Each Master Unit Owner in Good Standing casts one vote per Master Unit, weighted by proportionate interest in Common Elements. Declarant may vote for units it owns but not for amendments changing use or reducing common elements without mort (Section 5.3)

Amendments

Declarant reserves right to amend Master Deed to refine unit and common element descriptions, but must obtain prior written consent of all Notice Mortgagees. Certain amendments affecting use or common elements require mortgagee consent. (Sections 3.2, 5.3)

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