June 2024
MASTER DEEDS... from page 16.
Recording Requirements: The master deed/declaration must be recorded with the county clerk where the commu nity is located, including all amendments. The Bylaws Bylaws are the internal rules and regulations that govern the day-to-day operations of the community association. They establish the structure and procedures for the asso ciation’s board of directors or trustees, including rules for meetings, elections, and the decision-making processes. Bylaws also address issues such as assessments, budget ing, and the enforcement of rules and regulations. Unlike the master deed or declaration, which focus on property use and restrictions, the bylaws primarily govern the internal affairs of the association. Purpose: Govern the administration and operation of the association, including board and membership meetings, voting procedures, elections, and duties of the board. Required Contents: • The form of the association. • The titles of officers and governing board of the asso
through its recording to all future owners of the property restrictions. Required Contents: • If a condominium, a statement submitting the land to the New Jersey Condominium Act and must include the work “condominium.” • Detailed land survey, property description, description of common elements, limited common elements, and unit owner property. • The proportional undivided interests in the common elements. • Voting rights of unit owners. • The method of amending or supplementing the master deed. • The proportion or percentages and manner of sharing common expenses. • The bylaws of the association.
CONTINUES ON PAGE 20
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JUNE 2024
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