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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2A:18-61.34. Informing prospective purchaser of act; contract or agreement for sale;
clause informing of application of act and acknowledgment by purchaser

Any public offering statement for a conversion as required by "The Planned Real Estate
Development Full Disclosure Act," P.L.1977, c. 419 (C. 45:22A-21 et seq.), shall clearly
inform the prospective purchaser of the provisions of this amendatory and supplementary act,
including, but not limited to, the provisions concerning eviction, rent increases and leases. Any
contract or agreement for sale of a converted unit shall contain a clause in 10-point bold type or
larger that the contract is subject to the terms of this amendatory and supplementary act
concerning eviction and rent increases and an acknowledgement that the purchaser has been
informed of these terms.

L.1981, c. 226, s. 15, eff. July 27, 1981.
2A:18-61.35. Fee

A municipality is authorized to charge an owner a fee which may vary according to the size of
the building to cover the cost of providing the services required by this amendatory and
supplementary act.
L.1981, c. 226, s. 16, eff. July 27, 1981.

2A:18-61.36. Agreement by tenant to waive rights; deemed against public policy and
unenforceable

Any agreement whereby the tenant waives any rights under P.L.1981, c. 226 (C. 2A:18-61.22
et seq.) on or after the effective date of this 1983 amendatory act shall be deemed to be against
public policy and unenforceable.
L.1981, c. 226, s. 17, eff. July 27, 1981. Amended by L.1983, c. 389, s. 2, eff. Dec. 2, 1983.

2A:18-61.37. Severability