Most of the time, condo and HOA residents live in harmony with (or in relative ignorance of) their association’s rules and regulations. It’s not until conflict arises that people begin to examine and familiarize themselves with the laws…
Tag: Real property law
Q “Our 200-unit condo association has seven delinquencies. Six of these cases have been delinquent for over a year. Liens are in place, and all are in the hands of our attorney for collection. Most are mortgaged past fair market value…
Q I’m on the board of my 15-unit condo. One of our long-time board members has been behind on his maintenance payments for nearly two years, and now owes the building almost $7,000 in arrears. About 18 months ago, the board attempted to s…
Although it is something that is relatively new in the state of New Jersey, a new trend that is occurring within condo and townhouse communities (as well as popular vacation-area resorts) around the country is fractional ownership, where…