Brighton Towers Condo

Key facts from Brighton Towers Condo's documents

Community type

Condominium

Legal name

Brighton Towers Condominium Association, Inc.

Units / lots

170 (Recital: '2 out of 170 units')

Management

Atlantic Realty Management, Inc.

Governing law

New Jersey Condominium Act (N.J.S.A. 46:8B-1 et seq.) (Section 1.02)

Assessments & dues

Set by Board based on annual budget; if not set, presumed 120% of prior year's assessment. (Section 7.01)

Special assessments

Board may levy additional ('special') assessments for expenses not covered by regular assessment; subject to installment payment policy. (Bylaws Section 6(B)(2) and Policy Resolu)

Collections & liens

Association may file lien and foreclose after 30 days delinquency; may also accelerate remaining installments and file lien; may appoint rent receiver after 90 days. (Section 7.07)

Reserves & fees

Board must maintain reasonable reserves; replacement reserves must be kept in separate interest-bearing accounts. (Section 7.06)

Leasing & rentals

Yes, with written lease for term of not less than 12 months; lease must state subject to governing documents; copy must be delivered prior to occupancy. (Section 2.05)

Architectural approval

Yes, Architectural Review Committee established per Article XI. (Article XI heading)

Maintenance

Owner liable for all damages to other Apartments, Common Elements, or Limited Common Elements caused intentionally, negligently, or by failure to maintain. (Section 6.03(a))

Voting & meetings

Co-owners must submit a single vote. (Section 2.07)

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