Jim Yost, owner of Elite Management and managing partner of Ocean Property Management, writes regular condominium association informational newsletters. These informational pieces are linked below.
For additional advisory services on any of the information in the articles you can contact Jim Yost at 609-675-6835.
Insight Article Links
Policies & Procedures for Condominium & Community Associations
Condominium and homeowner associations are established by either a Master Deed or Declaration of Covenants, Conditions, Easements and Restrictions. These documents typically include the Bylaws and rules and regulations that govern and control actions and activities within the common areas and the residential units within the association.
On January 8th,2024 New Jersey Governor Phil Murphy signed into law S2760/A4384, commonly known as the Structural Integrity Act. This law was enacted partly in response to the 2021 Champlain Tower South Condominium collapse in Florida to prevent a similar tragedy in New Jersey. This new legislation puts in place procedures for inspecting, evaluating, and maintaining the structural integrity of certain residential condominiums and cooperatives.
Jim Yost, owner of Elite Management and managing partner of Ocean Property Management, writes monthly condominium association informational newsletters. Check back soon for the next article.