Barrow Mercer Condominium

Key facts from Barrow Mercer Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and recitals)

Units / lots

1 (Block 12905, Lot 2.01) (Recitals (consolidated lot) and Section )

Governing law

New Jersey Condominium Act (N.J.S.A. 46:8B-12.1, etc.) (Section 5.02(b) of By-Laws (referenced) )

Assessments & dues

Board determines and sets Annual Common Expense Assessment; must be at least sufficient to maintain and operate General Common Elements. Assessment includes insurance premiums and operational costs. (Section 8.3 (amended))

Special assessments

Board may levy Remedial Assessments against any Unit Owner or Sub-Condominium Unit Owner for maintenance/repair performed by Association per Section 8.10 or for failure to perform obligations. Also Miscellaneous Assessments (fines, late cha (Sections 8.8 and 8.9 (amended))

Collections & liens

Association has all rights under Master Deed and Condominium Documents to enforce payment of Assessments, including lien rights. In case of Sub-Condominium, if Sub-Condominium Unit Owner pays its share, Unit Owner is released from liability (Section 6.2(c)(iii) (amended))

Reserves & fees

Not explicitly mentioned in this amendment; By-Laws Article VII mentions reserves (Section 7.06). (By-Laws Section 7.06 (partial text not f)

Leasing & rentals

Not explicitly addressed in this amendment. Ground lease of a unit is allowed (Section 9.4). (Section 9.4 (amended))

Maintenance

Unit Owner responsible for maintenance, repair, replacement of its Unit (Section 8.10(e)(ii)). Association responsible for General Common Elements (Section 8.10(e)(i)). (Section 8.10(e) (amended))

Insurance

Association may procure liability, property, or other insurance (Section 8.3, By-Laws Article VII). (Section 8.3)

Use restrictions

Units 1,2,4,5,6 are developed with residential dwellings; Unit 7 is planned for residential multiple dwelling. No other uses mentioned. (Paragraph C (amended))

Voting & meetings

Each unit allocated votes: Unit 1 - 10, Unit 2 - 15, Unit 4 - 6, Unit 5 - 3, Unit 6 - 10, Unit 7 - 56; total 100. Votes cast non-cumulatively in board elections. Co-owners must designate one person to vote unless they divide proportionally. (Section 6.5 of ARMD (amended) and By-Law)

Amendments

Amendment requires affirmative vote of 100% of total votes of Association (recital) and consent of holders of Eligible Mortgages holding 51% of votes (recital). (Recitals (WHEREAS paragraphs))

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