In New Jersey, condominium associations are under the authority of the condominium laws found in Section 46:8B-8, et seq. of the New Jersey Revised Statutes. These laws govern not only the creation and establishment of a condo association, but default election and amendment procedures, among many other areas.
What does HOA cover in NJ?
They cover a multitude of different things, including municipal services such as trash removal, water, and sewage, insurance, lawn care, pest control, community pools, and maintenance and repairs to the outside of the building.
What is the difference between condo bylaws and rules?
Rules And Regulations– What’s What. Documents, Documents, Documents. It is the document that, among other things, establishes the association, contains the use restrictions, the maintenance requirements, and defines the common elements. The Bylaws set up the corporation and how it is to be run.
Are bylaws part of the declaration?
The Declaration is the Big Dog or the Master of the documents, if you will. It is the document that, among other things, establishes the association, contains the use restrictions, the maintenance requirements, and defines the common elements. The Bylaws set up the corporation and how it is to be run.
What is the difference between master deed and bylaws?
A condominium is traditionally governed by a master deed and bylaws. The declaration will be recorded with the recorder of deeds in your town and county, while the bylaws, which govern the operation of the board, will typically stay within the building.
Where can I find a condominium fact sheet?
Condominium fact sheets are available for the following categories: Section 62.6 of the Condominium Property Act allows for its director to issue advisory options and interpretation bulletins regarding the insurance-related sections of the Act or the Condominium Property Regulation.
What are the rules for a condominium corporation?
All indoor and outdoor social gatherings are prohibited, but condominium corporations are still required to find a way to conduct their AGMs. Corporations are recommended to work with their legal counsel and condominium manager to identify rules of procedure for meetings and methods for voting electronically.
When do condominiums have to hold annual general meetings?
As of August 14, 2020 condominium corporations are required to hold annual general meetings and / or any special general meetings requested by owners under the Condominium Property Act: annual general meetings are to be held no more than 15 months after the previous AGM
When do new condominium rules come into effect?
The amended Condominium Property Act and regulations came into force on January 1, 2020. The revisions reflect feedback received during condominium rules consultations in the summer of 2019 to ease the administrative burden on condo boards and corporations while protecting condo owners and their investment.
