Are you looking for a quality property management firm for your condo or co-op in New Jersey? Know that you’re not alone if you are. HOA New Jersey (.com) was designed to be a free resource for community association volunteers in The Garden State. We make it easier than ever to search for and connect with professional property management companies. HOA New Jersey is powered by HOA Management (.com), the leading online directory of HOA management companies and vendors.

In New Jersey, condominiums are governed by the Condominium Act. There are also segments of the Nonprofit Corporation Act, Open Meetings Act, and New Jersey Planned Real Estate Full Disclosre Act which apply to co-ops, condominiums, and homeowners associations. New Jersey’s Condo Act gives associations authority to be created and establishes the hierarchy and legality of governing documents and a Board of Directors. “The Act” also sets forth other rules and procedures for associations and developers.

• The bill grants legal authority to community associations by allowing them to exercise any powers outlined in their governing documents
• The Board of Directors for a community association is required to act on behalf of the association (in their best interests). They are also required to adopt a budget each year, and to provide a summary of that budget to the homeowners.
• Associations are required to make records, both financial and otherwise, available to a homeowner within ten days of a request. Additionally, associations are not allowed to charge a fee for the review of these records, though they can charge for copies made.
• The bill allows for absentee and proxy voting of the members of an HOA
• The bill outlines exactly when developers of an HOA are required to turn over control of the association to the owners.
• Purchasers of a home in an HOA are required to receive a disclosure packet containing all governing documents before the closing of the home.

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