Page 21 - NJ Cooperator Fall 2020

NJCOOPERATOR.COM THE NEW JERSEY COOPERATOR — FALL 2020 21 Your Association is in Good Hands with Homestead Management Services. Responsible Property Management that responds to your needs • Personal, responsive customer care with 24/7 emergency call service • Modern, fully intergrated databased network for quick response to problems and solutions • Live, expert staff of experienced management personel A complete financial package: • Complete Monthly Financial Statement •Accounts Payable • Accounts Receivable •Deliquency Report •Annual Reports www.homesteadmgmt.org Family owned with over 35 years years of experience 328 Changebridge Rd. Pinebrook, NJ 07058 973-797-1444 284 Rt. 206 South, Hillsborough, NJ 08844 908-874-6991 © AAMC ACCREDITED ASSOCIATION MANAGEMENT COMPANY Now providing Non-Stop service daily — from TWO locations: North Jersey Central Jersey Succasunna, NJ 07876 North Brunswick, NJ 08902 please contact: Chip Hoever CMCA, AMS, PCAM Vice President—Operations 732-228-8200 ext.1001 VISIT OUR WEBSITE www.matrixpmgroup.com Matrix provides full service property Management — yes, we do it all • Maintaining homeowner accounts • Full service bookkeeping incl. posting fees—bank reconciliations • Answering homeowner calls—issuing work order if necessary • Supervising maintenance projects • Watching over contractors working on the site • Periodic site inspections, including nights and weekends Visit us at Booth 311 at the Expo May 12, 2021 We specialize in: • Condominium/Townhouse Associations • Single Family HOA/Master Planned • Luxury High Rise Condominiums • Cooperative Communities • Adult Active Communities 11 Cleveland Place • Springfield NJ 07081 tony.nardone@cp-management.com 973.376.3925 www.cp-management.com to maintain). It is also possible that the exte- rior doors may be considered a limited com- mon element. “When reviewing the documents, it will bring your concerns to the board’s attention, be important to see if there is a distinction and if your concerns are not addressed, you between interior doors and doors leading may consider seeking the assistance of coun- to the exterior, which may be addressed dif- ferently. Without reviewing the documents, we cannot determine if the exterior door is a unit element or common element. “Whether the exterior door is a unit el- ement or a common element is critical to determine who is responsible to pay for the maintenance of the door. Th e association is responsible for the maintenance of the com- mon elements and funds raised through assessments should be used for the mainte- nance, repair, and replacement of the com- mon elements. In contrast, each unit owner is responsible for the costs of maintaining their unit elements. Th ere may be situa- tions in which the association undertakes the repair of a unit element, but governing documents typically state that if the associa- tion performs repairs to a unit element, the cost of the repairs should be charged back to the individual unit owner. Th e charges for such repairs are separate from the assess- ments that all unit owners are obligated to pay. It is important to keep in mind that the association is bound by its governing docu- ments and a change regarding which party is responsible to maintain an element would require an amendment to the governing documents. “Again, it is critical to determine if the door to the exterior of the unit is a com- mon element or a unit element. I suggest you sel to review the governing documents.” n Disclaimer: Th e answers provided in this Q&A column are of a general nature and cannot substitute for professional advice regarding your specifi c circumstances. Always seek the advice of competent legal counsel or other qualifi ed profes- sionals with any questions you may have regard- ing technical or legal issues. Do you have an issue with your board? Are you wondering how to solve a dispute with a neighbor? Can’t fi nd information you need about a build- ing’s fi nances? Our attorney advisors have the answers to all of your legal questions. Write to The New Jersey Cooperator and we’ll publish your question, along with a response from one of our attorney advisors. Questions may be edited for taste, length and clarity. Send your ques- tions to: darcey@cooperator.com. Q&A