Madison Park Commons Condominium

Key facts from Madison Park Commons Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals: 'establish the condominium for)

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Recitals and Article II Section 2.13)

Assessments & dues

Board sets Annual Common Expense Assessment (Article VII Section 7.03)

Special assessments

Allowed; if aggregate exceeds $10,000 (plus CPI increase since 1994) requires majority vote of affected members in good standing (Article VII Section 7.10)

Collections & liens

Unpaid assessments constitute a continuing lien on the unit; may be foreclosed like a mortgage (Article VII Section 7.02)

Pets

Yes, household pets (dogs but not pit bulls, and cats) (Article XI Section 11.01(c))

Leasing & rentals

Yes, with restrictions (Article XI Section 11.03)

Fences

Fences require prior Board consent (Article XI Section 11.01(f))

Architectural approval

Yes, Board approval for structural additions, alterations, or improvements (Article XI Section 11.02)

Home business

Prohibited (Article XI Section 11.01(a))

Signs & flags

Prohibited without Board consent (Article XI Section 11.01(f))

Maintenance

Association maintains roof (Article VIII Section 8.02(a))

Insurance

Board shall obtain blanket property insurance on Common Elements at replacement value (Article XII Section 12.01)

Use restrictions

Yes, no purpose other than private residence (Article XI Section 11.01(a))

Voting & meetings

One unweighted vote per unit; Sponsor cannot vote unsold units for amendments changing use or reducing common elements (Article VI Section 6.04 and Article X Se)

Amendments

Sponsor has power of attorney for certain amendments; consent of affected unit owners and mortgage holders required for adverse changes (Article X Section 10.02)

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