Booraem Heights Condominium

Key facts from Booraem Heights Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Booraem Heights Condominium

Developer / declarant

127 Booraem LLC (Title page, page 3)

Governing law

New Jersey Condominium Act, N.J.S. 46:8B-1 et seq. (WHEREAS paragraph, page 3)

Assessments & dues

Determined by Board (Section 8(c), page 16)

Special assessments

Allowed; if exceeds 10% of last annual budget requires 2/3 vote of Members. (Section 8(j), page 18-19)

Collections & liens

Unpaid assessments constitute a lien prior to all other liens except taxes and first mortgages; may be foreclosed. (Section 8(o), page 20)

Reserves & fees

Adequate reserves for completed improvements must be included in operating budget. (Section 8(g)(ii), page 17)

Leasing & rentals

Unit Owners have the right to lease their Units subject to Master Deed and rules. (Section 14(c), page 27)

Architectural approval

Prior written approval of Board required for structural additions, alterations, or improvements to Units or Common Elements. (Section 13(k), page 26)

Signs & flags

Sponsor may place sales signs until one year after last unit sold; otherwise no obstruction of Common Elements without Board consent. (Section 12(b)(iv) and 13(e), pages 22, 2)

Maintenance

Roof is General Common Element, so Association responsible. (Section 5(h), page 11)

Use restrictions

Units occupied and used only as private dwellings for owner, family, tenants, and social guests. (Section 13(a), page 25)

Voting & meetings

Each Unit Owner entitled to one unweighted vote per Unit in trustee elections; for other questions, vote weighted by percentage interest in Common Elements. Sponsor cannot vote unsold Units for certain purposes. (Section 7(d), page 14-15)

Amendments

May be amended by 67% vote of total votes of all Unit Owners; alternative by signed agreement. Sponsor may make non-substantive changes without consent. (Section 24, page 29-30)

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