Longpoint Condominiums

Key facts from Longpoint Condominiums's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Longpoint Condominiums Association

Governing law

N.J. Revised Statutes 46:8B-1 et seq., known as the Condominium Act of the State of New Jersey (Master Deed, Recitals, page 2)

Assessments & dues

Annual assessments set by Board of Directors before end of December for following year, based on estimated Common Expenses including contingencies and reserves. (Master Deed, Article IX, Section 4, page)

Special assessments

Special assessments paid as determined by Board. No special assessment for satisfying a judgment against the Association shall exceed an amount equal to the total assessment for Common Expenses during the year prior to the year in which suc (Master Deed, Article IX, Section 6, page)

Collections & liens

All charges and expenses chargeable to any Unit constitute a lien against that Unit in favor of the Association. The lien is subordinate to any lien for past due taxes, liens of prior recorded mortgages, and any other lien recorded prior to (Master Deed, Article IX, Section 10, pag)

Reserves & fees

Interest at highest rate permitted by law but not exceeding 18% per annum, plus carrying charges, on sums unpaid 10 days after due date. (Master Deed, Article IX, Section 11, pag)

Leasing & rentals

A Unit Owner may lease his Unit for a term of two weeks or longer. (Master Deed, Article IV, Section 2, page)

Parking & vehicles

Assigned parking space facilities for each Residential Unit Owner, deemed part of Common Elements. Unit Owners cannot waive, assign or transfer parking rights. Association may prescribe rules and rearrange assignments for handicapped owners (Master Deed, Article III, Section 2, pag)

Maintenance

If damage is only to parts of one Unit for which responsibility of maintenance and repair is that of the Unit Owner as set forth in the Bylaws, then Unit Owner responsible. In all other instances, responsibility is that of the Association. (Master Deed, Article VII, Section 3, pag)

Insurance

Comprehensive coverage including casualty and liability. Fire insurance in amount equal to maximum insurable replacement value (exclusive of excavation and foundation). Comprehensive liability insurance minimum $1,000,000. Flood insurance a (Master Deed, Article VI, Section 4, page)

Use restrictions

Residential Units shall be utilized for single-family residential use only. (Master Deed, Article III, Section 1, pag)

Voting & meetings

Each Unit entitled to one (1) vote in the Association. Where Unit owned by multiple persons, vote cast by designated representative. (Master Deed, Article I, Section 14, page)

Amendments

Amendments to Declaration require 30 days' written notice by certified mail to each Unit Owner, approval by not less than 100% of Board of Directors and not less than 100% of Unit Owners. Recording with County Clerk required. Amendments to (Master Deed, Article XII, Section 1, pag)

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