Florida’s condominium market is experiencing a crisis that’s turning once-desirable communities into high-cost burdens for owners. Exploding insurance premiums, unplanned special assessments, and depreciating property values have created a rush to sell—and a warning sign for condo owners elsewhere. In New Jersey, the same risks are quietly forming. The good news is that proactive planning….
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,….