Author: John Randy Sawyer

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 →

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 →

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 →

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 →