Lafayette in Morristown a Condominium

Key facts from Lafayette in Morristown a Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1.1; preamble)

Legal name

Lafayette in Morristown Condominium Association, Inc. (preamble; Section 2.3)

Governing law

Condominium Act, P.L. 1969, c.257 (N.J.S.A. 46:8B-1 et seq.) (Article 1.1)

Assessments & dues

Board determines and sets annual Common Expense assessment in amount at least sufficient to maintain and operate Common Elements. (Section 8.4)

Special assessments

Board may levy special Common Expense assessment for reconstruction, repair or replacement of existing Common Elements not an emergency but funds insufficient, or other lawful purposes. If greater than $25,000 (adjusted by CPI-W for Northea (Section 8.10)

Collections & liens

Unpaid assessments and other charges are a continuing lien on the Unit and may be foreclosed in same manner as mortgage foreclosure. Priority over prior recorded Mortgages to extent permitted by N.J.S.A. 46:8B-21. (Section 8.2)

Reserves & fees

Replacement reserves mentioned; Sponsor responsible for replacement reserves for unsold Units in a Building once at least one certificate of occupancy issued. (Section 8.8)

Pets

Yes, but no more than a total of two (in aggregate) domestic dogs, cats or birds. (Section 9.1(i))

Leasing & rentals

Yes, subject to restrictions. (Section 9.3)

Architectural approval

Yes, for structural additions, alterations, or improvements; also for exterior alterations. (Section 9.2(b)-(c))

Maintenance

Roof is a General Common Element maintained by Association. See Section 5.2(k). (Section 5.2(k))

Insurance

Not detailed in extracted text; however, Section 9.1(r) prohibits actions that increase insurance rates or cause cancellation. (Section 9.1(r))

Voting & meetings

Each Unit Owner in good standing casts one weighted vote per unit equal to percentage of ownership interest in Common Elements for most matters; for election of Board representatives, each Unit Owner has one unweighted vote per unit. Sponso (Section 6.5(a)-(b))

Amendments

Reservation of right for Sponsor to amend as set forth in Master Deed (reference to Article 14). Details not fully extracted but amendment is possible. (Article 14 (not fully extracted))

Amenities

Motorized entrance gate, lawn irrigation systems, common parking areas, private roadways, driveways, private alley ways, lawn and landscaped areas, street lights, equipment storage areas, refuse/recycling facilities, mailbox enclosures. (Sections 5.2(b)-(m))

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