Rosborough Condominium

Key facts from Rosborough Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 3: "establish the condominium form )

Legal name

Rosborough Condominium

Developer / declarant

Blue Bay Homes, LLC

Governing law

N.J.S. 46:8B-1 et seq. (Condominium Act); also N.J.S.A. 55:16-1 (Limited Dividend Non-Profit Corporation Act) (Page 3: "in accordance with N.J.S. 46:8B)

Assessments & dues

Board determines Common Expenses at its sole discretion; must give notice of estimated amount to each Unit Owner (By-Laws Art. VI Sec. 2 and Sec. 8)

Special assessments

Board may impose lump sum assessment for immediate need or emergency if reserve funds insufficient (By-Laws Art. VI Sec. 8)

Collections & liens

Association has lien on each Unit for unpaid Common Expenses; subordinate only to first mortgage and taxes. If default continues 180 days, Board must foreclose lien. Acceleration of installments upon default with notice. (Master Deed Sec. 7; By-Laws Art. VI Sec.)

Reserves & fees

Board must maintain reasonable reserves for repairs, replacements, emergencies, etc.; amounts for separate items kept in interest-bearing savings accounts and earmarked. (By-Laws Art. VI Sec. 5 (b)(c)(d) and Sec)

Pets

Unit Owners may maintain pets; no pets allowed for tenants (Master Deed Sec. 22: "There are no restr)

Leasing & rentals

Yes, with minimum lease term of 60 days; must comply with Ventnor City ordinances (Master Deed Sec. 23: "Unit Owners are pe)

Fences

Unit Owners may install decorative fences in the rear yard subject to Ventnor City ordinances and metes and bounds in Exhibit A (Master Deed Sec. 5 (page 6): "Unit Owner)

Architectural approval

Yes, prior written approval of Association required for structural additions, alterations or improvements in a Unit or to Common Elements (Master Deed Sec. 18: "No Unit Owner... m)

Maintenance

Roofs are part of Common Elements (per Common Elements list), thus Association responsible (Exhibit A Common Elements: "all foundati)

Insurance

Property insurance on Commonly Insured Real Property (Common Elements, Limited Common Elements, Units exclusive of Betterments and Improvements) at full replacement cost including fire, vandalism, water damage, etc.; also public liability i (By-Laws Art. V Sec. 3 (property insuranc)

Use restrictions

Units designed and intended for independent use as private dwellings (Master Deed Sec. 3 "Unit" definition: "d)

Voting & meetings

Two votes total, one per Unit; Grantor holds all votes until Unit conveyed, then each Owner gets one vote per Unit. Votes cast in person or by proxy. (By-Laws Art. II Sec. 2)

Amendments

Requires approval of Unit Owners owning 100% of total ownership interest; if Act or Master Deed requires unanimous approval, that shall be required; amendments recorded in same office (Master Deed Sec. 25)

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