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 ↗

Related Parts of This Source

Full Text

1,558 chars 
(2) Accessibility of community and commercial facilities; and

(3) Environmental quality and conditions; and

v. In accordance with additional reasonable criteria that the tenant or mobile home owner
has requested in writing at the time of making any request under P.L. 1975, c.311, as
amended.

Amended by R.1985 d.529, effective October 21, 1985. Amended by R.1990 d.507, effective October 15, 1990.
§ 5:24-1.3 Documents required; conversion

(a) Any owner who intends to convert a multiple dwelling, a rooming or boarding house or
a mobile home park into a condominium or cooperative, or to fee simple ownership of units
or park sites, must first provide tenants with a "notice of intent" and a "full plan of
conversion."

(b) These two items must include all the items described below and must be provided to all
affected tenants 60 days before serving the three year notice of intent to institute
proceedings to evict.

(c) Both the notice of intent and the full plan of conversion shall be sent by certified mail,
and if not claimed they shall be sent by regular mail.

(d) A duplicate of the 60-day notice and full plan shall be transmitted to the clerk of the
municipality.

(e) Any material change in the full plan of conversion or amendment to the Public Offering
Statement (POS) under N.J.S.A. 45:22A-21 et seq. and N.J.A.C. 5:26 shall require such
extension of the 90-day exclusive right to purchase as may be necessary to allow tenants
who have not yet purchased their units at least 30 days remaining in which to exercise such
exclusive right.