Smithville Commons Condo

Key facts from Smithville Commons Condo's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Smithville Commons Condominium Association

Developer / declarant

James T. Cox (Master Deed preamble)

Governing law

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

Assessments & dues

Board fixes Common Expense Assessments annually (Master Deed, Article 7.A)

Special assessments

Allowed for capital improvements, unexpected repairs, replacements, or other lawful purposes (Master Deed, Article 7.E)

Collections & liens

Unpaid assessments constitute a continuing lien on the Unit, foreclosable like a mortgage; money judgment also available (Master Deed, Article 7.H)

Reserves & fees

Creation of reserves is permitted as part of Common Expenses (Master Deed, Article 8.A: including crea)

Leasing & rentals

Yes, with written lease, copy to Association, lease subject to Condominium Documents (Master Deed, Article 11.J.i)

Architectural approval

Board approval required for removal or replacement of interior nonbearing walls/partitions (Master Deed, Article 4.C)

Home business

Allowed with restrictions: conducted in dignified manner, no competition with other owners, no public advertising causing ill-repute (Master Deed, Articles 11.G, 11.D, 11.N)

Signs & flags

All signs require prior Board approval, conform to laws, uniform type prescribed by Board; cost borne by owner; originally installed signage cannot change color or design except by unanimous vote (Master Deed, Article 11.F)

Maintenance

Association (Master Deed, Article 8.A: maintenance an)

Insurance

Amount of deductible determined by Board in its sole discretion (Master Deed, Article 18.A)

Voting & meetings

One vote per Unit (Master Deed, Article 6.E; By-Laws, Artic)

Amendments

2/3 vote of Unit Owners; amendments to signage provision require unanimous vote; Sponsor can amend for 7 years after first Unit conveyance without owner consent, but not materially modify a Unit or affect priority of permitted mortgages (Master Deed, Article 19.A and 19.B)

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