Bayberry Villa Condo

Key facts from Bayberry Villa Condo's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Bayberry Villa Condominium Association, Inc.

Governing law

New Jersey Condominium Act, N.J.S. 46:8B (Amendment No. 6, Article XVII and Amendm)

Assessments & dues

Assessments set by Board in amount sufficient to maintain exterior of buildings and operate common elements; amount and expenditure at sole discretion of Board. (Amendment No. 1, Master Deed Section 10()

Special assessments

May be levied for construction, reconstruction, unexpected repair, replacement, capital improvement, or any other lawful purpose. Requires assent of two-thirds (2/3) of all votes eligible to be cast by unit owners at a meeting duly called w (Amendment No. 1, Master Deed Section 10()

Collections & liens

Limited Liability Lien Law (N.J.S. 46:8B-21(b)(1)(6)) incorporated into By-Laws. (Amendment No. 7, Article XVIII)

Reserves & fees

10% of the delinquent quarterly or monthly assessment added in the quarter or month when due (Amendment No. 1, Section 9)

Leasing & rentals

Yes, but subject to restrictions (Amendment No. 3, Master Deed Section 23()

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