News
HOW TO RUN A HOA MEETING
November 9th, 2023
Being on a homeowners’ association board means volunteering your time for the best of your whole community. It can be an incredibly fulfilling role, but it involves dealing with differences in opinion and finding times to get everyone together.
WHAT IS A RESERVE STUDY FOR YOUR HOA?
November 9th, 2023
The Reserve Study analyzes repair and replacement needs like roofing and painting that happen every year and provides a funding plan for accumulating money to perform this work when it’s needed. It is more a budgeting function than a construction or building analysis, although there is an element of that. The study is usually based on visual observations as opposed to forensic or destructive testing (tearing walls and roofs apart to see what's underneath). The Reserve Study assumes that regular and adequate maintenance is being done to prevent premature repairs or replacements. There are several parts to the Reserve Study process:
LIENS PURSUANT TO THE NEW JERSEY CONDOMINIUM ACT
November 9th, 2023
Question: I’ve heard that when a mortgage lender forecloses on a condominium unit, the association is entitled to six (6) months of assessments. I’ve also heard that the association has “limited priority” over the mortgage. Is that true? What does that really mean?
NEW JERSEY FIRE AND LIFE SAFETY
October 22nd, 2016
Fire and Life Safety is a very serious topic in Jersey City, Hoboken, and throughout New Jersey. The local governing bodies are cracking down on property owners who neglect to adhere to the ever-changing fire and building codes. Ignorance is no excuse and the fines associated with violations of such codes can be hefty. A proactive approach to fire safety is the way to ensure safety for tenants and compliance with codes.
CONTACT
Call us, email us, or contact us on social media.
Contact Address
332 Montgomery Street
Jersey City, NJ, 07302