Jefferson North Condominium

Key facts from Jefferson North Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

commercial condominium (Recital B - "creates ... a commercial co)

Legal name

Jefferson North Condominium Association, Inc. (Section 1.2)

Developer / declarant

Jefferson Sebastian-Parsippany, LLC (formerly Sebastian/Parsippany, L.P., previously ARC-Parsippany, L.P.) (Opening paragraph)

Governing law

N.J. Stat. Ann. § 46:8B-1 et seq. (New Jersey Condominium Act) (Recital B, Master Deed heading)

Assessments & dues

Not fixed; set by Association budget each year according to Percentage Interests. (Article 6.2)

Special assessments

Association may levy Special Assessments for Common Expenses; must be adopted at a meeting; payable within 30 days of notice. (Section 6.3(c))

Collections & liens

Assessments constitute a lien on the Unit under §46:8B-21 of the Act; personal liability of Unit Owner. (Section 10.6, 10.7)

Reserves & fees

Association may establish, build up, and maintain reasonable reserves for contingencies and replacements. (Section 6.3(b))

Voting & meetings

Each unit has one vote. Unit A: 1 vote; Unit B: 1 vote. (Section 3.4 - "Unit A shall have one (1))

Amendments

Amendment requires unanimous vote of Unit Owners, resolution adopted by Association or Unit Owner, notice of meeting, and recording in Morris County Clerk's Office. Effective upon recordation. (Article 4 (4.1-4.5))

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