MASTER DEED
CREATING AND ESTABLISHING
THE ATLANTIC PALACE
A CONDOMINIUM
Prepared by:
H.B. Munn, Jr.
Vice President, Development
U. S. Capital Corporation
MASTER DEED
THE ATLANTIC PALACE, A CONDOMINIUM
TABLE OF CONTENTS
ARTICLE I • Page 1
Definitions
ARTICLE II • Page 4
Special Provision for the State of
New Jersey Department of Community Affairs
ARTICLE III • Page 6
Property Rights
ARTICLE IV • Page 12
Assessments
ARTICLE V • Page 15
The Atlantic Palace Condominium Association
ARTICLE VI • Page 18
Easement and Restrictions
ARTICLE VIII • Page 20
Use, Occupancy and Maintenance
ARTICLE IX • Page 24
Certain Rights of Developer
ARTICLE X • Page 27
Reconstruction or Repair of Casualty Damage
ARTICLE XI • Page 28
Insurance
ARTICLE XII • Page 33
Eminent Domain; Obsolescence
ARTICLE XIII • Page 34
Termination of Condominium
ARTICLE XIV • Page 35
Amendment of Master Deed
ARTICLE XV • Page 35
Provision for the Benefit of Institutional Mortgage Lenders
ARTICLE XVI • Page 36
Miscellaneous Provisions
EXHIBITS
Exhibit A
Legal Description of the Property
Exhibit C
Graphic Description of the Condominium
Exhibit D
Unit Percentage Interests
Exhibit F
Articles of Incorporation
UNIT DESIGNATION
|
UNIT |
||||
|
FLOOR |
UNIT |
TYPE |
PERCENTAGE |
|
|
4 |
401 |
2 |
0.5120 |
|
|
402 |
EFF. |
0.2575 |
||
|
403 |
EFF. |
0.2341 |
||
|
404 |
EFF. |
0.2551 |
||
|
405 |
EFF. |
0.2473 |
||
|
406 |
EFF. |
0.2473 |
||
|
407 |
EFF. |
0.2551 |
||
|
408 |
EFF. |
0.2341 |
||
|
409 |
1BR |
0.9970 |
||
|
410 |
EFF. |
0.3133 |
||
|
411 |
1BR |
0.4130 |
||
|
5 |
501 |
2 |
0.5120 |
|
|
502 |
EFF. |
0.2575 |
||
|
503 |
EFF. |
0.2341 |
||
|
504 |
EFF. |
0.2551 |
||
|
505 |
EFF. |
0.2473 |
||
|
506 |
EFF. |
0.2473 |
||
|
507 |
EFF. |
0.2551 |
||
|
508 |
EFF. |
0.2341 |
||
|
509 |
1BR |
0.9970 |
||
|
510 |
EFF. |
0.3133 |
||
|
511 |
1BR |
0.4130 |
||
|
6 |
601 |
2 |
0.5120 |
|
|
602 |
EFF. |
0.2575 |
||
|
603 |
EFF. |
0.2341 |
||
|
604 |
EFF. |
0.2551 |
||
|
605 |
EFF. |
0.2473 |
||
|
606 |
EFF. |
0.2473 |
||
|
607 |
EFF. |
0.2551 |
||
|
608 |
EFF. |
0.2341 |
||
|
609 |
1BR |
0.9970 |
||
|
610 |
EFF. |
0.3133 |
||
|
611 |
1BR |
0.4130 |
||
|
7 |
701 |
2 |
0.5120 |
|
|
702 |
EFF. |
0.2575 |
||
|
703 |
EFF. |
0.2341 |
||
|
704 |
EFF. |
0.2551 |
||
|
705 |
EFF. |
0.2473 |
||
|
706 |
EFF. |
0.2473 |
||
|
707 |
EFF. |
0.2551 |
||
|
708 |
EFF. |
0.2341 |
||
|
709 |
1BR |
0.9970 |
||
|
710 |
EFF. |
0.3133 |
||
|
711 |
1BR |
0.4130 |
||
|
8 |
801 |
2 |
0.5120 |
|
|
802 |
EFF. |
0.2575 |
||
|
803 |
EFF. |
0.2341 |
||
|
804 |
EFF. |
0.2551 |
||
|
805 |
EFF. |
0.2473 |
||
|
806 |
EFF. |
0.2473 |
||
|
807 |
EFF. |
0.2551 |
||
|
808 |
EFF. |
0.2341 |
||
|
809 |
1BR |
0.9970 |
||
|
810 |
EFF. |
0.3133 |
||
|
811 |
1BR |
0.4130 |
||
|
9 |
901 |
2 |
0.5120 |
|
|
902 |
EFF. |
0.2575 |
||
|
903 |
EFF. |
0.2341 |
||
|
904 |
EFF. |
0.2551 |
||
|
905 |
EFF. |
0.2473 |
||
|
906 |
EFF. |
0.2473 |
||
|
907 |
EFF. |
0.2551 |
||
|
908 |
EFF. |
0.2341 |
||
|
909 |
1BR |
0.9970 |
||
|
910 |
EFF. |
0.3133 |
||
|
911 |
1BR |
0.4130 |
||
|
10 |
1001 |
2 |
0.5120 |
|
|
1002 |
EFF. |
0.2575 |
||
|
1003 |
EFF. |
0.2341 |
||
|
1004 |
EFF. |
0.2551 |
||
|
1005 |
EFF. |
0.2473 |
||
|
1006 |
EFF. |
0.2473 |
||
|
1007 |
EFF. |
0.2551 |
||
|
1008 |
EFF. |
0.2341 |
||
|
1009 |
1BR |
0.9970 |
||
|
1010 |
EFF. |
0.3133 |
||
|
1011 |
1BR |
0.4130 |
||
|
11 |
1101 |
2 |
0.5120 |
|
|
1102 |
EFF. |
0.2575 |
||
|
1103 |
EFF. |
0.2341 |
||
|
1104 |
EFF. |
0.2551 |
||
|
1105 |
EFF. |
0.2473 |
||
|
1106 |
EFF. |
0.2473 |
||
|
1107 |
EFF. |
0.2551 |
||
|
1108 |
EFF. |
0.2341 |
||
|
1109 |
1BR |
0.9970 |
||
|
1110 |
EFF. |
0.3133 |
||
|
1111 |
1BR |
0.4130 |
||
|
12 |
1201 |
2 |
0.5120 |
|
|
1202 |
EFF. |
0.2575 |
||
|
1203 |
EFF. |
0.2341 |
||
|
1204 |
EFF. |
0.2551 |
||
|
1205 |
EFF. |
0.2473 |
||
|
1206 |
EFF. |
0.2473 |
||
|
1207 |
EFF. |
0.2551 |
||
|
1208 |
EFF. |
0.2341 |
||
|
1209 |
1BR |
0.9970 |
||
|
1210 |
EFF. |
0.3133 |
||
|
1211 |
1BR |
0.4130 |
||
|
14 |
1401 |
2 |
0.5120 |
|
|
1402 |
EFF. |
0.2575 |
||
|
1403 |
EFF. |
0.2341 |
||
|
1404 |
EFF. |
0.2551 |
||
|
1405 |
EFF. |
0.2473 |
||
|
1406 |
EFF. |
0.2473 |
||
|
1407 |
EFF. |
0.2551 |
||
|
1408 |
EFF. |
0.2341 |
||
|
1409 |
1BR |
0.9970 |
||
|
1410 |
EFF. |
0.3133 |
||
|
1411 |
1BR |
0.4130 |
||
|
15 |
1501 |
2 |
0.5120 |
|
|
1502 |
EFF. |
0.2575 |
||
|
1503 |
EFF. |
0.2341 |
||
|
1504 |
EFF. |
0.2551 |
||
|
1505 |
EFF. |
0.2473 |
||
|
1506 |
EFF. |
0.2473 |
||
|
1507 |
EFF. |
0.2551 |
||
|
1508 |
EFF. |
0.2341 |
||
|
1509 |
1BR |
0.9970 |
||
|
1510 |
EFF. |
0.3133 |
||
|
1511 |
1BR |
0.4130 |
||
|
16 |
1601 |
2 |
0.5120 |
|
|
1602 |
EFF. |
0.2575 |
||
|
1603 |
EFF. |
0.2341 |
||
|
1604 |
EFF. |
0.2551 |
||
|
1605 |
EFF. |
0.2473 |
||
|
1606 |
EFF. |
0.2473 |
||
|
1607 |
EFF. |
0.2551 |
||
|
1608 |
EFF. |
0.2341 |
||
|
1609 |
1BR |
0.9970 |
||
|
1610 |
EFF. |
0.3133 |
||
|
1611 |
1BR |
0.4130 |
||
|
17 |
1701 |
2 |
0.5120 |
|
|
1702 |
EFF. |
0.2575 |
||
|
1703 |
EFF. |
0.2341 |
||
|
1704 |
EFF. |
0.2551 |
||
|
1705 |
EFF. |
0.2473 |
||
|
1706 |
EFF. |
0.2473 |
||
|
1707 |
EFF. |
0.2551 |
||
|
1708 |
EFF. |
0.2341 |
||
|
1709 |
1BR |
0.9970 |
||
|
1710 |
EFF. |
0.3133 |
||
|
1711 |
1BR |
0.4130 |
||
|
18 |
1801 |
2 |
0.5120 |
|
|
1802 |
EFF. |
0.2575 |
||
|
1803 |
EFF. |
0.2341 |
||
|
1804 |
EFF. |
0.2551 |
||
|
1805 |
EFF. |
0.2473 |
||
|
1806 |
EFF. |
0.2473 |
||
|
1807 |
EFF. |
0.2551 |
||
|
1808 |
EFF. |
0.2341 |
||
|
1809 |
1BR |
0.9970 |
||
|
1810 |
EFF. |
0.3133 |
||
|
1811 |
1BR |
0.4130 |
||
|
19 |
1901 |
2 |
0.5120 |
|
|
1902 |
EFF. |
0.2575 |
||
|
1903 |
EFF. |
0.2341 |
||
|
1904 |
EFF. |
0.2551 |
||
|
1905 |
EFF. |
0.2473 |
||
|
1906 |
EFF. |
0.2473 |
||
|
1907 |
EFF. |
0.2551 |
||
|
1908 |
EFF. |
0.2341 |
||
|
1909 |
1BR |
0.9970 |
||
|
1910 |
EFF. |
0.3133 |
||
|
1911 |
1BR |
0.4130 |
||
|
20 |
2001 |
2 |
0.5120 |
|
|
2002 |
EFF. |
0.2575 |
||
|
2003 |
EFF. |
0.2341 |
||
|
2004 |
EFF. |
0.2551 |
||
|
2005 |
EFF. |
0.2473 |
||
|
2006 |
EFF. |
0.2473 |
||
|
2007 |
EFF. |
0.2551 |
||
|
2008 |
EFF. |
0.2341 |
||
|
2009 |
1BR |
0.9970 |
||
|
2010 |
EFF. |
0.3133 |
||
|
2011 |
1BR |
0.4130 |
||
|
21 |
2101 |
2 |
0.5120 |
|
|
2102 |
EFF. |
0.2575 |
||
|
2103 |
EFF. |
0.2341 |
||
|
2104 |
EFF. |
0.2551 |
||
|
2105 |
EFF. |
0.2473 |
||
|
2106 |
EFF. |
0.2473 |
||
|
2107 |
EFF. |
0.2551 |
||
|
2108 |
EFF. |
0.2341 |
||
|
2109 |
1BR |
0.9970 |
||
|
2110 |
EFF. |
0.3133 |
||
|
2111 |
1BR |
0.4130 |
||
|
22 |
2201 |
2 |
0.5120 |
|
|
2202 |
EFF. |
0.2575 |
||
|
2203 |
EFF. |
0.2341 |
||
|
2204 |
EFF. |
0.2551 |
||
|
2205 |
EFF. |
0.2473 |
||
|
2206 |
EFF. |
0.2473 |
||
|
2207 |
EFF. |
0.2551 |
||
|
2208 |
EFF. |
0.2341 |
||
|
2209 |
1BR |
0.9970 |
||
|
2210 |
EFF. |
0.3133 |
||
|
2211 |
1BR |
0.4130 |
||
|
23 |
2301 |
2 |
0.5120 |
|
|
2302 |
EFF. |
0.2575 |
||
|
2303 |
EFF. |
0.2341 |
||
|
2304 |
EFF. |
0.2551 |
||
|
2305 |
EFF. |
0.2473 |
||
|
2306 |
EFF. |
0.2473 |
||
|
2307 |
EFF. |
0.2551 |
||
|
2308 |
EFF. |
0.2341 |
||
|
2309 |
1BR |
0.9970 |
||
|
2310 |
EFF. |
0.3133 |
||
|
2311 |
1BR |
0.4130 |
||
|
24 |
2401 |
2 |
0.5120 |
|
|
2402 |
EFF. |
0.2575 |
||
|
2403 |
EFF. |
0.2341 |
||
|
2404 |
EFF. |
0.2551 |
||
|
2405 |
EFF. |
0.2473 |
||
|
2406 |
EFF. |
0.2473 |
||
|
2407 |
EFF. |
0.2551 |
||
|
2408 |
EFF. |
0.2341 |
||
|
2409 |
1BR |
0.9970 |
||
|
2410 |
EFF. |
0.3133 |
||
|
2411 |
1BR |
0.4130 |
||
|
25 |
2501 |
2 |
0.5120 |
|
|
2502 |
EFF. |
0.2575 |
||
|
2503 |
EFF. |
0.2341 |
||
|
2504 |
EFF. |
0.2551 |
||
|
2505 |
EFF. |
0.2473 |
||
|
2506 |
EFF. |
0.2473 |
||
|
2507 |
EFF. |
0.2551 |
||
|
2508 |
EFF. |
0.2341 |
||
|
2509 |
1BR |
0.9970 |
||
|
2510 |
EFF. |
0.3133 |
||
|
2511 |
1BR |
0.4130 |
||
|
26 |
2601 |
2 |
0.5120 |
|
|
2602 |
EFF. |
0.2575 |
||
|
2603 |
EFF. |
0.2341 |
||
|
2604 |
EFF. |
0.2551 |
||
|
2605 |
EFF. |
0.2473 |
||
|
2606 |
EFF. |
0.2473 |
||
|
2607 |
EFF. |
0.2551 |
||
|
2608 |
EFF. |
0.2341 |
||
|
2609 |
1BR |
0.9970 |
||
|
2610 |
EFF. |
0.3133 |
||
|
2611 |
1BR |
0.4130 |
||
|
27 |
2701 |
2 |
0.5120 |
|
|
2702 |
EFF. |
0.2575 |
||
|
2703 |
EFF. |
0.2341 |
||
|
2704 |
EFF. |
0.2551 |
||
|
2705 |
EFF. |
0.2473 |
||
|
2706 |
EFF. |
0.2473 |
||
|
2707 |
EFF. |
0.2551 |
||
|
2708 |
EFF. |
0.2341 |
||
|
2709 |
1BR |
0.9970 |
||
|
2710 |
EFF. |
0.3133 |
||
|
2711 |
1BR |
0.4130 |
||
|
28 |
2801 |
2 |
0.5120 |
|
|
2802 |
EFF. |
0.2575 |
||
|
2803 |
EFF. |
0.2341 |
||
|
2804 |
EFF. |
0.2551 |
||
|
2805 |
EFF. |
0.2473 |
||
|
2806 |
EFF. |
0.2473 |
||
|
2807 |
EFF. |
0.2551 |
||
|
2808 |
EFF. |
0.2341 |
||
|
2809 |
1BR |
0.9970 |
||
|
2810 |
EFF. |
0.3133 |
||
|
2811 |
1BR |
0.4130 |
||
|
29 |
2901 |
2 |
0.5120 |
|
|
2902 |
EFF. |
0.2575 |
||
|
2903 |
EFF. |
0.2341 |
||
|
2904 |
EFF. |
0.2551 |
||
|
2905 |
EFF. |
0.2473 |
||
|
2906 |
EFF. |
0.2473 |
||
|
2907 |
EFF. |
0.2551 |
||
|
2908 |
EFF. |
0.2341 |
||
|
2909 |
1BR |
0.9970 |
||
|
2910 |
EFF. |
0.3133 |
||
|
2911 |
1BR |
0.4130 |
||
|
30 |
3001 |
2 |
0.5120 |
|
|
3002 |
EFF. |
0.2575 |
||
|
3003 |
EFF. |
0.2341 |
||
|
PH1 |
PH |
0.4286 |
||
|
PH2 |
PH |
0.4286 |
||
|
3008 |
EFF. |
0.2341 |
||
|
3009 |
EFF. |
0.3997 |
||
|
3010 |
EFF. |
0.3133 |
||
|
3011 |
1BR |
0.4130 |
||
|
31 |
3101 |
2 |
0.5120 |
|
|
3102 |
EFF. |
0.2575 |
||
|
3103 |
EFF. |
0.2341 |
||
|
PH3 |
PH |
0.4136 |
||
|
PH4 |
PH |
0.4136 |
||
|
3108 |
EFF. |
0.2341 |
||
|
3109 |
1BR |
0.3997 |
||
|
3110 |
EFF. |
0.3133 |
||
|
3111 |
1BR |
0.4130 |
||
|
Commercial |
1 |
0.5036 |
||
|
Commercial |
2 |
0.4106 |
||
|
Commercial |
3 |
2.5741 |
||
|
Commercial |
4 |
0.7506 |
||
|
Commercial |
5 |
0.4121 |
||
|
Commercial |
6 |
0.5531 |
||
|
Commercial |
7 |
0.4892 |
||
|
Commercial |
8 |
0.4454 |
||
|
Commercial |
9 |
0.2083 |
||
|
Commercial |
10 |
0.2095 |
||
|
Commercial |
11 |
1.2004 |
||
|
Commercial |
12 |
1.6206 |
||
| 2 BR | two bedroom unit | |||
| EFF | suite/efficiency unit | |||
| 1 BR | one bedroom unit | |||
| PH | penthouse unit | |||
Copyright © 2024 Atlantic Palace Condominium Association. All rights reserved.