Author: A. Christopher Florio
Ensuring Compliance for NJ Community Associations: Key Requirements and Deadlines
Posted in Community Associations
There are three important requirements affecting New Jersey Community Associations: Reserve Studies Compliance, the Corporate Transparency Act (CTA) Compliance and Structural Integrity Compliance. Please ensure your association is in compliance. Reserve Studies Compliance All community associations with at least $25,000 in capital assets must comply. Reserve studies must be updated… Continue reading
New Structural Integrity Law In New Jersey – Community Association Compliance Required
Posted in Community Associations
As we enter the last quarter of 2024, we want to again remind our New Jersey community association clients to review whether their buildings require structural inspections pursuant to the new Structural Integrity Law (N.J.S.A. 52:27D-119 et seq.). Who must comply? Unlike the January 8, 2024 law relating to reserve… Continue reading
Corporate Transparency Act (CTA): Action Required for Community Associations
Posted in Community Associations
As the end of the year approaches, there has been no determination that community associations will be relieved of the requirement to comply with the Corporate Transparency Act (CTA). While we remain hopeful of a legislative or legal solution, you must be prepared to file the required information no later than… Continue reading
New Reserve Law in New Jersey – Community Association Compliance Required
Posted in Community Associations
We are now halfway through 2024 and we want to again remind our New Jersey community association clients to check their reserve study status to ensure compliance with the January 8, 2024 law relating to reserve studies and reserve funding. Who must comply? All New Jersey community associations are required… Continue reading
Community Association Reporting Requirements Under the Corporate Transparency Act
Posted in Community Associations
On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective. The main goal of the CTA is to combat financial crimes by enhancing transparency in the ownership and control of corporations. The CTA will be administered by the Financial Crimes Enforcement Network which is part of the Treasury… Continue reading
Condo Association Boards: Plan for the Future by Staying Ahead of Maintenance and Repairs
Posted in Community Associations
If you serve on the board of a condo association, you’ve likely seen instances of kicking the can down the road and deferring needed maintenance and repairs. Allocating and reserving funds for repairs can be a difficult, complicated process, and coming to a decision about these issues can easily lead… Continue reading
Electric Vehicle Charging Stations – Pulling Up to Your Community Association Soon?
Posted in Community Associations
As electric vehicle production and use are becoming a significant part of the country’s energy conservation and global warming reduction effort, many states are passing laws in order to help expand the installation and use of electric vehicle charging (EVC) stations. New Jersey has now joined that list of states.
Radburn Law Regulations
Posted in Community Associations
Effective May 18, 2020, proposed regulations to PREDFDA were adopted and published by the New Jersey Department of Community Affairs, Division of Codes and Standards (DCA). A Brief History In July 2017, several amendments to PREDFDA (N.J.S.A.45:22A-43) were signed into law becoming known as the “Radburn Election Law” (P.L.2017, c…. Continue reading
Governor Murphy Signs Into Law Title 15 Amendment to Allow for Remote Member Meetings
Posted in Community Associations
The Legislature passed S2342/A3915, which allows non-profit corporations to hold member meetings remotely during this state of emergency, to the extent that the board adopts guidelines to establish procedures governing member meetings. The bill was just signed into law by Governor Murphy.
Open Meetings of New Jersey’s Common Interest Community Associations and HOAs
Posted in Community Associations
Generally speaking, all binding decisions of a common interest community and/or homeowners association must be made at governing board meetings open to attendance by all owners. Continue reading
