New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A1102

Introduced
1/11/22  

Caption

Revises time period at which unit owners assume control of homeowners' associations.

Impact

If A1102 is enacted, it will alter the timeline for the transition of control from developers to homeowners. Specifically, the bill mandates that control must transfer either 60 days after 75% of the units are conveyed or two years after the substantial completion of a condominium structure, whichever occurs earlier. This change aims to provide more immediate control to homeowners, facilitating better governance of the community by eliminating unnecessary developer influence.

Summary

A1102 is a legislative bill aimed at revising the time period during which developers hold control over homeowners' associations (HOA) in New Jersey. The bill addresses a key concern that developers often retain control of these associations by stalling further housing construction after 75% of units are sold. Currently, the law stipulates that HOA control should shift to unit owners once 75% of the units are sold, but practical implementation has seen developers maintaining influence for extended durations.

Contention

There are notable points of contention surrounding the bill. Supporters argue that it will empower homeowners by ensuring that they can govern their communities more effectively and address issues pertinent to their living conditions. Conversely, critics worry this shift could disrupt the ongoing management of the properties, as developers often have experience and resources that unit owners may lack, potentially leading to governance challenges during the transition period.

Companion Bills

No companion bills found.

Previously Filed As

NJ A1367

Revises time period at which unit owners assume control of homeowners' associations.

NJ HB1308

Property; protections for homeowners, condominium owners, and property owners in community associations; provide

NJ HB303

Property; protections for homeowners, condominium owners, and property owners in community associations; provide

NJ H0919

Homeowners' Associations

NJ HB0277

Homeowners Association Revisions

NJ HB2126

Homeowners' associations; financial approvals; members

NJ SB324

Relative to the resolution of disputes for condominium unit owners, homeowners' association unit owners, and tenant owned manufactured housing parks.

NJ HB2442

Homeowners' associations; budget ratification; requirements

NJ HB2010

Flags; homeowners' associations

NJ SB1249

Homeowners' associations; uniformed services flag

Similar Bills

NJ A1367

Revises time period at which unit owners assume control of homeowners' associations.

FL H0913

Condominium and Cooperative Associations

FL H1021

Community Associations

LA SB397

Provides relative to the Louisiana Condominium Act. (8/1/14)

HI HB2036

Relating To Life-safety Systems.

OR HB3746

Relating to real property.

FL S1742

Condominium and Cooperative Associations

FL H1029

My Safe Florida Condominium Pilot Program