Bridgepoint Condominium

Key facts from Bridgepoint Condominium's documents

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

Community type

condominium (Recitals)

Legal name

Bridgepoint Condominium Association, Inc.

Governing law

New Jersey Condominium Act, N.J.S. 46:8B-1 et seq. (Recitals)

Assessments & dues

set by Board (Section 7.01)

Special assessments

allowed; threshold of $10,000 increased by CPI (Philadelphia-New Jersey, since 2010) triggers 3/4 vote of Unit Owners (Section 7.05)

Collections & liens

continuing lien on Unit; foreclosable as mortgage; subordinate to first mortgage liens and tax liens (Section 7.11)

Reserves & fees

required for deferred maintenance, replacements, capital improvements (Section 7.01)

Pets

yes, dogs, cats, other household pets (Section 11.01(d))

Leasing & rentals

yes, subject to restrictions (Section 11.01(p))

Parking & vehicles

prohibited (Section 11.01(e))

Architectural approval

Board (or Covenants Committee) approval required for structural additions, alterations, improvements; removal of interior partitions; enclosure of limited common elements (Section 11.01(m), 4.03, 5.02)

Home business

permitted for certain professions (physician, dentist, attorney, accountant, engineer, architect, artist) limited to 33% of livable area; one non-illuminated sign 8"x30" (Section 11.01(b))

Signs & flags

one professional sign per home business (non-illuminated, max 8"x30"). Sponsor promotional signs allowed. No other signs. (Section 11.01(b) and (h))

Maintenance

Association maintains exterior and roofs (Section 7.04)

Insurance

blanket property insurance on Common Elements in amount of replacement value (Section 15.01)

Use restrictions

yes, except Sponsor's units used as sales offices, models (Section 11.01(a))

Voting & meetings

one vote per Unit (Section 6.04)

Amendments

by vote of Unit Owners as per Article XVII; Sponsor may execute amendments without consent under certain conditions; material changes require mortgagee approval (Article XX) (Article XVII, Article X, Section 20.01)

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