June 2024
MASTER DEEDS... from page 22.
erning documents. By understanding the distinctions between the master deed/ declaration, bylaws, and rules and regulations, residents and association managers can work together to ensure a smooth-running and harmonious community. Ultimately, a well-informed community and a well-managed frame work of governing documents create a foundation for a thriving community association. n
there is a conflict between the rules and regulations and the master deed, the master deed’s provision will con trol. Conversely, if there is a conflict between a state statute and the master deed, the master deed must give way to the state statute. Living in a community association offers a multitude of benefits, conve niences, and luxuries, but it also comes with responsibilities outlined in the gov
is submitted and must be registered with the New Jersey Department of Community Affairs, including any pro posed changes or amendments to the Public Offering Statement. Not only is understanding the pur pose and substance of the governing documents important but how these documents interact with each other is critical. Though each document fur thers the operation and management of the community, they do not stand on equal footing. In terms of the hier archy of the governing documents, first, above all else, federal and state laws and statutes control, followed by the recorded map plat, master deed/ declaration, bylaws, and finally, the rules and regulations. For instance, if
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SAVE THE DATE
THE ULTIMATE NIGHT OUT JERSEY SHORE BLUECLAWS GAME
Join the CAI-NJ 2024 Ultimate Partners as they host a fun night on the Party Deck at the Jersey Shore BlueClaws Stadium! Registration includes your ticket, all-you-can-eat buffet and drinks – not to mention, networking with our Ultimate Partners!
THURSDAY, AUGUST 15, 2024 JERSEY SHORE BLUECLAWS 2 STADIUM WAY, LAKEWOOD, NJ 08701
GATES OPEN: 6:00 PM | GAME STARTS: 7:05 PM HOMEOWNER & MANAGER MEMBERS: FREE | NON-MEMBERS: $75
Stay tuned on www.cainj.org for details coming soon!
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JUNE 2024
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