Bahia Mar Condo

Key facts from Bahia Mar Condo's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed page 1: 'submit the real pro)

Legal name

Bay Breeze Condominium Association

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Master Deed page 1; First Amendment page)

Assessments & dues

Board presents proposed budget at annual meeting; membership approves budget; Board assesses each Unit Owner proportionate share per percentages in Paragraph G (25% each) (By-Laws VI; Master Deed Paragraph G, L)

Special assessments

Allowed for extraordinary common expenses; requires special meeting of membership; Board may initiate interim corrective actions (By-Laws VI)

Collections & liens

Assessments become lien on unit; may be foreclosed like mortgage; subordinate to taxes and prior mortgages; Association may proceed personally against delinquent owner (By-Laws VI)

Pets

Only allowed for unit owners; not allowed if unit rented (First Amendment page 2: 'Only owners of )

Leasing & rentals

Yes, for residential purposes only (Master Deed Q.2; First Amendment page 2)

Architectural approval

Yes, for any alteration of improvements on real property; also for changes to common areas or placement of machinery/equipment (Master Deed M ('prior written approval o)

Insurance

Casualty insurance on Common Elements to maximum replacement value; extended coverage for fire, vandalism, malicious mischief, windstorm, water damage; also public liability coverage; amounts determined by Association (Master Deed O)

Use restrictions

Yes (Master Deed Q.1: 'Each Condominium Unit )

Voting & meetings

Each Unit Owner entitled to one vote per unit; multiple owners select one representative to cast a single vote (By-Laws IV)

Amendments

Master Deed may be amended by affirmative vote of at least two-thirds (2/3) of voters entitled to vote; any amendment must be recorded (First Amendment page 2; Master Deed J)

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