N.J. DCA Landlord/Tenant Information Series — Condominium and Cooperative Conversion Law

Citation
N.J. DCA Landlord/Tenant Information Series — Condominium and Cooperative Conversion Law
Jurisdiction
New Jersey (state)
Source
Official source
Original Source
https://www.nj.gov/dca/codes/publications/pdf_lti/condo_laws.pdf ↗

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c. "Tenant's annual household income" means the total income from all sources during the
last full calendar year for all members of the household who reside in the dwelling unit at the
time the tenant applies for protected tenant status, whether or not such income is subject to
taxation by any taxing authority;
 d. "Application for registration of conversion" means an application for registration filed
with the Department of Community Affairs in accordance with "The Planned Real Estate
Development Full Disclosure Act," P.L.1977, c.419 (C.45:22A-21 et seq.);
e. "Registration of conversion" means an approval of an application for registration by the
Department of Community Affairs in accordance with "The Planned Real Estate Development
Full Disclosure Act," P.L.1977, c.419 (C.45:22A-21 et seq.);

f. "Convert" means to convert one or more buildings or structures or a mobile home park
containing in the aggregate not less than five dwelling units or mobile home sites or pads from
residential rental use to condominium, cooperative, planned residential development or separable
fee simple ownership of the dwelling units or of the mobile home sites or pads;

g. "Conversion recording" means the recording with the appropriate county officer of a
master deed for condominium or a deed to a cooperative corporation for a cooperative or the first
deed of sale to a purchaser of an individual unit for a planned residential development or
separable fee simple ownership of the dwelling units;

h. "Protected tenancy period" means, except as otherwise provided in section 11 of this
amendatory and supplementary act, the 40 years following the conversion recording for the
building or structure in which is located the dwelling unit of the senior citizen tenant or disabled
tenant.