Whippany Crossing Condominium

Key facts from Whippany Crossing Condominium's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Whippany Crossing, a Condominium)

Legal name

Whippany Crossing, A Condominium

Developer / declarant

Fleet Hanover. LLG

Governing law

N.J.S.A. 46:8B-1 et seq. (Condominium Act) (Article 1.1, P.L. 1969, c.257)

Assessments & dues

Determined by Board annually, at least sufficient to maintain and operate Common Elements. (Article 8.4)

Special assessments

Permitted; if greater than $25,000 adjusted by CPI-W, requires two-thirds vote of Unit Owners in good standing at a meeting with at least 30 days notice. (Article 8.10)

Collections & liens

Unpaid assessments and other charges constitute a continuing lien on the Unit; may be foreclosed in same manner as mortgage foreclosure. (Article 8.2)

Reserves & fees

Interest at 15% per annum on unpaid assessments (Article 8.2)

Pets

Yes, limited (Article 9.1(i))

Leasing & rentals

Yes, subject to restrictions. (Article 9.3)

Architectural approval

Yes, Board approval required for structural additions, alterations, improvements, exterior changes, and interior partition removal. (Articles 9.2(b), 4.3)

Maintenance

Unit Owner responsible for all maintenance within Unit boundaries and for appurtenant improvements if accessible and not functionally connected to more than one Unit. Association responsible for General Common Elements. (Article 8.16(a), 8.16(b))

Insurance

Unit Owners must maintain fire and extended insurance covering their Units in amounts determined by the Association. (Article 9.1(u))

Use restrictions

Units shall be used only as a private residence. (Article 9.1(a))

Voting & meetings

Each Unit Owner one weighted vote per Unit (equal to percentage interest) for all matters except Board election; for Board election one unweighted vote per Unit. Sponsor weighted vote except not for Board election; Sponsor votes may be used (Article 6.5(a) and 6.5(b))

Amendments

Referenced in Table of Contents (Article 14) but not provided in text; however automatic amendment for FCC regulations (9.1(bb)). (Table of Contents Article 14; Article 9.)

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