Bay Club Marina Condo

Key facts from Bay Club Marina Condo's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Marine Condominium (boat slips) (Page 2 (Original): 'a Marine Condominium)

Legal name

Bay Club Marina Condominium

Units / lots

51 (initially); 52 contemplated but 51 defined (Background C (page 3) and Article 3 (pag)

Developer / declarant

Bay Properties Company (Original); 9707 Amherst Marina, LLC (Sponsor for amendment) (Page 2 (Original) and Page 1 (Amendment))

Governing law

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

Assessments & dues

Fixed by the Board; annual Common Expense Assessment in amount reasonably sufficient to operate and maintain Common Elements (Article 7.A (page 9))

Special assessments

Allowed by Board for capital improvements, unexpected repairs, or other lawful purposes (Article 7.E (page 10))

Collections & liens

Unpaid assessments constitute a continuing lien on the Unit; can be foreclosed like a mortgage; personal obligation of Owner (Article 7.H (page 10))

Reserves & fees

Association may create reserves as part of Common Expenses (Article 8.1.A (page 11))

Pets

Yes, subject to reasonable rules promulgated by Marina Owner (Article 11.Y (page 21))

Leasing & rentals

Yes, but restricted (Article 11.V (page 18-20))

Maintenance

Unit Owner responsible for mooring lines, hardware, and damage caused by negligence; Association responsible for Common Elements and specific improvements (Piers, Walkways) (Article 8.1.A, 8.1.B (page 11-12))

Insurance

Physical Damage (All-Risk), Public Liability ($2,000,000 min), Workers Comp, Flood, other insurance as determined by Board (Article 18 (page 25-26))

Voting & meetings

One vote per Unit (Article 6.C (page 8))

Amendments

By 2/3 vote of Unit Owners; also Sponsor reserves right to amend for certain enumerated purposes without Unit Owner vote (Article 19 (page 26-28))

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