Bylaws Condo Association With Regulations New Jersey In Fulton
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FAQ
The Bureau of Subdivided Land Sales Control (BSLSC), within the New Jersey Real Estate Commission, was created by statute to enforce the registration and anti-fraud provisions of the New Jersey Real Estate Sales Full Disclosure Act (NJSA -16.27 et seq.).
Homeowners associations (HOAs) in New Jersey do not have a dedicated statute that governs their operation and corporate structure. However, these organizations are still regulated by state law.
Once you buy a home that's part of an HOA, you automatically become a member of the HOA. HOA rules are legally binding, and you must adhere to all rules and regulations in the governing document. Yes, there are bylaws that you may not like, but there are no HOA loopholes.
The provisions of the "inium Act," P.L. 1969, c. 257 (C. B-1 et seq.)
– The law mandates that inium associations and cooperatives must conduct periodic structural inspections of their buildings. The frequency and scope of these inspections are outlined in the legislation, considering factors such as the age and size of the inium complex.
The bylaws must conform to the New Jersey inium Act. It's important to note that the Department of Community Affairs does not regulate all aspects of condo life: Instead, the DCA enforces certain provisions of the inium Act, including open public meeting requirements and dispute resolution procedures.
