Regal Point Condominium Association, Inc.

Key facts from Regal Point Condominium Association, Inc.'s documents

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

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq.; Planned Real Estate Development Full Disclosure Act (PREDFDA), N.J.S.A. 45:22A-21 et seq. (ADR Procedure, Section 11.25)

Special assessments

Permitted; e.g., for EVCS infrastructure improvements, assessed to benefitting unit owners. (Administrative Resolution #14 (EVCS))

Collections & liens

Delinquent assessments, fees, and costs may become a lien on the unit and can be collected via foreclosure or sheriff's sale. (Section 11.20.3, Administrative Resoluti)

Reserves & fees

$10 per month for delinquent accounts (balance >$10); additional $25 per month if over 60 days in arrears. (Administrative Resolution #1 (Assessment)

Pets

Yes, subject to limits: no bird, reptile, or animal except permitted pets. (Section 11.3)

Leasing & rentals

Yes, with conditions: lease must be in writing, filed with Board, made subject to governing documents. (Section 11.20.2)

Fences

No awnings, grills, balcony enclosures, fence, canopies, shutters, or antennas without prior consent. Planting bed borders no higher than 10 inches. (Section 11.7, Rule R5.2)

Architectural approval

Prior written approval of Board or Covenants Committee required for structural additions, alterations, improvements, and for exterior changes (fences, awnings, satellite dishes, etc.). (Sections 11.17, 11.7, 11.10)

Home business

No business, trade or profession shall be conducted in any Unit. (Section 11.24)

Signs & flags

No signs (including real estate 'For Sale', 'Sold', or 'For Rent' signs) except 'Open House' signs displayed only on weekends. (Section 11.18)

Insurance

Association responsible for deductible on common element damage; unit owner responsible for deductible on unit damage; if negligence by owner, owner responsible for all costs. (Administrative Resolution #13)

Use restrictions

No Unit (except developer sales/administration offices or models) shall be used for any purpose other than as a private residence. (Section 11.1)

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