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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Full Text

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"Administrative agency" means the municipal board, officer or agency designated, or the
county agency contracted with, pursuant to section 6 of this act.

"Annual household income" means the total income from all sources during the last full
calendar year, or the annual average of that total income during the last two calendar years,
whichever is less, of a tenant and all members of the household who are residing in the tenant's
dwelling unit when the tenant applies for protected tenancy, whether or not such income is
subject to taxation by any taxing authority.

"Commissioner" means the Commissioner of Community Affairs.

"Conversion" means conversion as defined in section 3 of "The Planned Real Estate
Development Full Disclosure Act," P.L.1977, c.419 (C.45:22A-23).

"Conversion recording" means the recording with the appropriate county officer of a master
deed for a condominium or a deed to a cooperative corporation for a planned residential
development or separable fee simple ownership of the dwelling units.

"County rental housing shortage" means a certification issued by the Commissioner of
Community Affairs that there has occurred a significant decline in the availability of rental
dwelling units in the county due to conversions; provided, however, that the commissioner shall
not issue any such certification unless during the immediately preceeding 10 year period:

a. The aggregate number of rental units subject to registrations of conversion during any
three consecutive years in the county exceeds 10,000; and

b. The aggregate number of rental units subject to registrations of conversion in at least one
of those three years exceeds 5,000.

"Department" means the Department of Community Affairs.