Madeleines House Condominium

Key facts from Madeleines House Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title page and Recitals: "submitted to t)

Legal name

Madeleine's House, A Condominium

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Recitals page 8: "pursuant to the provis)

Assessments & dues

Set by Board at least sufficient to maintain exterior and operate Condominium; no fixed dollar amount stated. (Art. VI 6.03 page 11: "It shall be an af)

Special assessments

Board may levy Special Common Expense assessment for unexpected repair/replacement or other lawful purpose except new capital improvements; if aggregate exceeds $10,000 (adjusted by CPI since 2011) requires prior assent of all Members in Go (Art. VI 6.09 page 12: "the Board may lev)

Collections & liens

Each assessment, fine, and other charge is a continuing lien on the Unit; may be foreclosed in same manner as a mortgage foreclosure. Money judgment may be sought without waiving lien. (Art. VI 6.02 page 10: "Each assessment a)

Reserves & fees

Late charges are deemed Common Expense assessments and collectible as such. (Art. VI 6.14 page 15: "Any and all fines)

Use restrictions

Units designated for residential use only. (Art. I 1.28 page 13: "Unit shall mean a )

Voting & meetings

Each Unit Owner in good standing entitled to cast a vote equal to proportionate interest in Common Elements; Sponsor votes for Units it owns. (Art. V 5.03 page 18: "Each Unit Owner in)

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