Madison Views Condo

Key facts from Madison Views Condo's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed p.3)

Legal name

Madison Views Condominium

Governing law

New Jersey Condominium Act, N.J.S.A. 46:8B-1 et seq. (Master Deed p.3)

Assessments & dues

Association estimates annual charges before December 1st, assessed according to percentage interest based on unit square footage (Master Deed Para 9 and 11.1.1)

Special assessments

allowed; lump sum assessment for immediate need or emergency permitted (By-Laws 2.2)

Collections & liens

Unpaid assessments become a lien upon recording a Claim of Lien; foreclosure action allowed; association may bid at sale (Master Deed Para 12; By-Laws 2.1)

Reserves & fees

Association shall maintain a reasonable reserve for emergencies, kept in interest-bearing securities or insured savings account (By-Laws 2.8)

Pets

Yes, subject to restrictions (Master Deed Para 14.5; Resolution Para 4)

Leasing & rentals

Yes, subject to conditions (Master Deed Para 14.2)

Architectural approval

Prior HOA approval required for structural changes, exterior awnings/shades, and any alteration of common elements (Resolution Para 3.2 (amending Para 3.2);)

Use restrictions

Units may be used only as single family residences; no commercial enterprise (Master Deed Para 14.1; Rules 1.1)

Voting & meetings

one vote per Unit, no fractional voting (Master Deed Para 10; By-Laws 1.3)

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