In most cases, New Jersey's community and homeowner associations largely govern themselves, with little oversight from the state and no standardized procedures or best practices. But recently there has been some movement from the powers …
Homeowners associations are governed by a private board, generally comprised of residents of the condominium. Just because board members are unpaid volunteers, however, does not exempt them from exposure to lawsuits. Indeed, HOA board me…
Condos and townhouses have continued to be popular real estate choices in New Jersey in 2005, and there is every indication that they will continue their popularity through 2006. Indeed, condos seem tailor-made for young couples jus…
Like snowflakes, no two homeowner associations are exactly alike. New Jersey's laws governing HOAs allow for a good deal of leeway in how a condo, co-op or town home community decides to run things. One of these areas is in the care and …
It's a familiar covenant in most New Jersey leases. The rules and regulations allowing pets may differ from association to association but the gist is the same. If you live in a multi-unit building or community and you want to keep pets,…
Every co-op and condo association has a board— and by extension, a board president. Presidents and CEOs of major corporations are usually compensated handsomely for the time and effort they're expected to devote to their job, but a build…
For a car to run, all the parts (most of them, anyway) need to be in working order. The engine has to be well oiled, the tires must be inflated properly, and sometimes the brakes need adjusting. The major components of the machine must be f…
Sixteen years ago, Wayde Scheffer was a vice-president with United National Bank in Califon, New Jersey. He was also president of his condo association board, and he wasn't particularly impressed with the parade of management companies t…
Living in a co-op or condo means shedding many of the worries that come with renting or owning a single-family home. There are no worries over mowing the lawn or fixing that crack in the driveway. The doorman looks after your packages an…
In New York City, many co-ops and condos use a practice called a "flip tax" in order to boost building revenue. A flip tax is a fee paid either by the purchaser or seller that goes back to the co-op or condo each time an apartment is sol…