Southpointe a Condo

Key facts from Southpointe a Condo's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, title)

Legal name

Southpointe, A Condominium

Governing law

N.J.S.A. 46:8B-1 et seq. (Page 4, 'pursuant to the provisions of N)

Assessments & dues

Association fixes annual Common Expense assessments based on percentage interest in Common Elements. (Page 14: 'fix annual Common Expense asse)

Special assessments

Allowed for capital improvements only upon assent of 66-2/3% of all votes eligible to be cast; Grantor's votes ineligible for special assessment. Added assessment for operating expenses without vote. (Page 14: 'special assessment for capital)

Collections & liens

Common expense assessment is a continuing lien on the Unit and personal obligation of the owner; lien subordinate to municipal taxes and first mortgage liens. (Page 15: 'Each such assessment shall be )

Pets

Dogs, cats or similar type pets are permitted provided they are not noisy, owners clean up, and they are kept leashed at all times on Common Elements. (Page 21: 'Dogs, cats or similar type pet)

Leasing & rentals

Yes, but lease must be for a period of not less than 180 days and in conformance with Master Deed, By-Laws, and rules. (Page 24: 'lease shall extend for a perio)

Parking & vehicles

Each unit assigned a specific carport/parking area with two parking spaces; there are also eight guest parking spaces. (Page 12: 'Each unit will be assigned a s)

Architectural approval

Yes, Board of Directors approval required for exterior alterations, structural changes, modifications affecting bearing walls, and additions/alterations/improvements affecting Common Elements. (Page 20-23: various restrictions requiri)

Maintenance

Unit Owner responsible for maintenance, repairs, replacements of own Unit; Association responsible for Common Elements. Owner must maintain heat at 55 degrees in winter. (Page 15: 'Each Unit Owner shall promptly)

Insurance

Multi-peril insurance (all-risk including fire, lightning, extended coverage, vandalism, windstorm), public liability ($1,000,000 per occurrence/aggregate), flood insurance, workmen's compensation, contents insurance (80% replacement cost), (Pages 27-30: Insurance section.)

Use restrictions

Each Unit is intended to be and shall only be used as a private residence. (Page 20: 'Each Unit is intended to be an)

Voting & meetings

Twenty-two (22) total votes in the Association; each Unit Owner entitled to vote; Grantor may hold votes for unsold units but cannot vote for certain amendments or special assessments. (Page 14: 'There shall be twenty-two (22))

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