N.J. DCA Landlord/Tenant Information Series — Mobile Home Park Leasehold Communities Law

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

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Full Text

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b. Upon receipt of such notice the board of directors or trustees of the homeowners'
association shall appoint from among its members a committee, not exceeding three persons,
who may be assisted by such legal and other professional and technical counsel as the board may
provide, to receive from the landowner the price and terms of the offer that has been made, and
to negotiate the terms upon which the landowner would be willing to sell the private residential
leasehold community land to the homeowners' association. Members and assistants to the
committee shall be pledged to maintain in confidence any information disclosed to them by the
landowner in the course of such negotiations. If any such member or assistant fails to maintain
that confidence, the landowner may bring an appropriate action at law for damages or seek an
appropriate equitable remedy.