For community associations such as homeowners associations (HOAs), condominiums, and cooperatives in New Jersey, timely completion of reserve studies is essential. A reserve study evaluates the condition of a community’s common areas and infrastructure to plan for future repairs and replacements. It also provides a financial roadmap for setting aside the right amount of funds….
In today’s ever-evolving regulatory landscape, maintaining the structural integrity of buildings is not just a legal obligation but a fundamental aspect of ensuring safety and longevity. The New Jersey S2760/A4384 structural integrity law mandates rigorous standards for property owners and Community Association Institutes (CAIs) to safeguard against structural deficiencies. Compliance with these laws is crucial,….