N.J. DCA Landlord/Tenant Information Series — Eviction Law

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

Related Parts of This Source

Full Text

1,633 chars

2A:18-61.8. Conversion of multiple dwelling into condominium, cooperative or fee simple ownership; notice
to and rights to tenants

Any owner who intends to convert a multiple dwelling as defined in P.L.1967, c. 76 (C. 55:13A-1 et seq.), other than a
hotel or motel, or a mobile home park into a condominium or cooperative, or to fee simple ownership of the several
dwelling units or park sites shall give the tenants 60 days' notice of his intention to convert and the full plan of the
conversion prior to serving notice, provided for in section 3 of P.L.1974, c. 49 (C. 2A:18-61.2). A duplicate of the first
such 60-day notice and full plan shall be transmitted to the clerk of the municipality at the same time. In the notice of
intention to convert tenants shall be notified of their right to purchase ownership in the premises at a specified price in
accordance with this section, and their other rights as tenants under this act in relation to the conversion of a building
or park to a condominium, cooperative or fee simple ownership. A tenant in occupancy at the time of the notice of
intention to convert shall have the exclusive right to purchase his unit, the shares of stock allocated thereto or the park

21
site, as the case may be, for the first 90 days after such notice that such purchase could be made during which time
the unit or site shall not be shown to a third party unless the tenant has in writing waived the right to purchase.
L.1975, c. 311, s. 5, eff. Feb. 19, 1976. Amended by L.1981, c. 8, s. 4, eff. Jan. 26, 1981.

2A:18-61.9. Notice to tenant after master deed or agreement to establish cooperative