Heritage Square Condo

Key facts from Heritage Square Condo's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Heritage Square Condominium

Developer / declarant

Heritage Square Associates, a New Jersey General Partnership (Master Deed, Background paragraph A; Fir)

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Master Deed, Background B and Article 2.)

Assessments & dues

Determined annually by Board; payable in monthly installments on the first of each month (Master Deed, Article 7.A and 7.B)

Special assessments

Board may levy special assessment in any year for capital improvements, unexpected repairs, or other lawful purposes (Master Deed, Article 7.E)

Collections & liens

Unpaid Common Expense Assessments constitute a continuing lien on the Unit; may be foreclosed like a mortgage; personal obligation of owner (Master Deed, Article 7.H)

Leasing & rentals

Yes, but lease must be in writing, copy given to Association, subject to Master Deed, By-Laws, and amendments (Master Deed, Article 11.K.i)

Architectural approval

Board approval required for removal/replacement of interior non-bearing walls; no amendment to Master Deed needed (Master Deed, Article 4.C)

Signs & flags

All signs require prior Board approval, must conform to laws, be uniform of a type prescribed by Board; cost borne by Unit Owner (Master Deed, Article 11.G)

Maintenance

Association responsible for maintenance and repair of roofs (Master Deed, Article 8.A)

Insurance

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

Voting & meetings

One vote per Unit; Sponsor receives votes equal to number of Units owned (Master Deed, Article 6.C and Article 14)

Amendments

By vote of at least two-thirds of total votes; Sponsor may amend within 7 years of first Unit conveyance for certain matters (without affecting units materially or mortgage priorities); amendments recorded; copies provided to Unit Owners an (Master Deed, Article 19)

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