Condominium/Real Estate Law Blog
Posted by Jeff Barnes on September 21, 2011
On September 14, 2011, Governor Chris Christie signed into law A-2748, the bulk sales legislation initiated and strongly supported by the New Jersey Association of Realtors (“NJAR”). This law, which took effect immediately upon being signed, exempts individuals, estates and trusts…more »
Posted by Jeff Barnes on August 29, 2011
The New Jersey Supreme Court recently ruled in favor of a condominium association after the plaintiff sued the association as a result of falling on the sidewalk in front of the association’s building. New Jersey Justice Jaynee LaVecchia said “The Skyline…more »
Posted by Jeff Barnes on December 24, 2010
It is no secret that the value of real estate has dropped in many markets. However, often times in the face of adversity opportunities exist. So condominium owners and management should revisit the operation of their respective condominium associations in an…more »
Posted by Jeff Barnes on December 10, 2010
A condominium association generally imposes fees on all unit owners to maintain common areas. If a unit owner does not pay his/her fees, the association can attempt to obtain a judgment or file a lien against the unit owned by the…more »
Posted by Jeff Barnes on December 07, 2010
All Federal Housing Administration (“FHA”) approvals granted prior to October, 2008 were scheduled to expire today, December 7, 2010. FHA has decided to extend the deadlines to allow more condominiums to take advantage of the recertification process. The new schedule for…more »
Posted by Jeff Barnes on December 03, 2010
According to New Jersey’s Appellate Court, a condominium may be in breach of its fiduciary duty to its members by failing to maintain the common elements, failing to increase assessments sufficiently to maintain the property, and fund adequate reserves. In Ebert…more »