Parsippany Boulevard Condominium

Key facts from Parsippany Boulevard Condominium's documents

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

Community type

Condominium

Legal name

Parsippany Boulevard A Condominium

Developer / declarant

Genelle II, LLC

Governing law

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

Assessments & dues

To be fixed by Trustees from time to time (Section 10.17: 'such amounts as shall, f)

Special assessments

Permitted: Board may levy and collect Special Assessments in addition to Common Expenses (Bylaws Section 2.6(i): 'to adjust or inc)

Collections & liens

Unpaid assessments constitute a lien against the Land Unit, prior to all other liens except taxes, mortgage liens recorded prior, and other prior liens. Lien effective upon recording claim of lien. Foreclosure available in same manner as mo (Section 10.18)

Reserves & fees

Board may establish an adequate reserve fund for periodic maintenance, repair and replacement of improvements to the General Common Elements. (Bylaws Section 2.6(k))

Leasing & rentals

Yes, any Land Unit Owner may lease its Land Unit provided (i) use by tenant is permitted by zoning, and (ii) lease made subject to Master Deed and Bylaws. (Section 10.30)

Fences

Each Land Unit Owner responsible for fencing within its Land Unit, and shall comply with municipal requirements. (Section 10.6)

Signs & flags

All signs within a Land Unit or Condominium Property shall comply with applicable municipal regulations. (Section 10.7)

Maintenance

Association maintains and insures Common Elements (including snow clearing, landscaping, repaving, restriping). Each Land Unit Owner responsible for all maintenance, repairs, and replacements within its own Land Unit. If owner fails, Associ (Section 9.2 (Association duty); Section )

Insurance

Association shall obtain property and liability insurance solely with respect to the Common Elements, to the extent insurable. (Section 10.25)

Use restrictions

Use must be permitted by zoning ordinances of Parsippany; not strictly residential but limited to permitted uses. (Section 10.3: 'No Land Unit shall be occ)

Voting & meetings

Each Land Unit has one vote in the Association. Additionally, each Member's Percentage Interest (50% per unit) represents the weight of the Member's vote for purposes of votes of Members under Bylaws or Master Deed. (Section 10.11: 'Each Land Unit shall hav)

Amendments

Master Deed may be amended only with unanimous written consent of Land Unit Owners, and must be recorded in Morris County. (Section 10.28)

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