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“Community Association Transition: Defects, Implied Warranties and Consumer Fraud,” New Jersey Law Journal
For every condominium and homeowner association, “control” is eventually transferred by the developer to an owner-controlled governing board after construction. This is called “transition.” A successful transition is one in which the owner-controlled board works with the developer to ensure appropriate governance, adequate financial resources,......
May 20, 2019 -
New Law Grants All Forms of Community Associations a Lien Priority of up to Thirty Months
Today Governor Murphy signed a law that significantly expands the lien priority over foreclosing lenders previously available only to condominium associations, and, for the first time, grants the same lien priority rights to homeowner associations. The......
April 29, 2019 -
The Radburn Act and Amending the Bylaws
Q: The governing documents require approval of two-thirds of the owners in order to amend. Our board of trustees is indicating that we need to modernize our governing documents to comply with the Radburn Law. It is my understanding that this only needs to be......
April 12, 2019
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