N.J. DCA Landlord/Tenant Information Series — Condominium, Fee Simple & Cooperative Conversion, and Mobile Home Park Retirment Regulations

Citation
N.J. DCA Landlord/Tenant Information Series — Condominium, Fee Simple & Cooperative Conversion, and Mobile Home Park Retirment Regulations
Jurisdiction
New Jersey (state)
Source
Official source
Original Source
https://www.nj.gov/dca/codes/publications/pdf_lti/condo_regs.pdf ↗

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Full Text

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(a) When an owner seeks to convert a building from the rental market to a condominium
or a cooperative or fee simple ownership of two or more dwelling units, or to convert a
mobile home park from the rental market to a condominium or cooperative or fee simple
ownership of two or more units or park sites, or to retire a mobile home park permanently
from the rental market, there are several procedures required to be followed pursuant to
N.J.S.A. 2A:18-61.6 through 61.12.

(b) The following terms used in the statutes and these rules are defined as follows:

1. "Multiple dwelling" shall mean any building or structure of one or more stories and any
land appurtenant thereto, and any portion thereof, in which three or more units of dwelling
space are occupied, or are intended to be occupied, by three or more persons who live
independently of each other; provided, that this definition shall not be construed to include
any building or structure defined as a hotel in N.J.S.A. 55:13A-3, or registered as a hotel
with the Commissioner of Community Affairs, or occupied or intended to be occupied
exclusively as such, or any building under a condominium form of ownership.

2. "Condominium", as in N.J.S.A. 46:8B-1 et seq., means the form of ownership of real
property under a master deed providing for ownership by one or more owners of units of
improvements together with an undivided interest in common elements appurtenant to each
such unit.