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Surprise Reprieve on Hudson County Condo Conversion Ban – For Now…

Published On: January 16th, 2020Categories: Real Estate Law

As of last night, two of the three Hudson County sponsors of the condo conversion ban bill had felt enough pressure from concerned citizens, that I had heard they might back off from rushing through the bill as it is currently written. As of this morning, according to NJ.com, the third sponsor Brian Stack has agreed to join them in asking Governor Murphy to NOT immediately sign the bill they had worked so hard to quietly pass. Sunlight is the best disinfectant isn’t it?

The bill will now go back to the senate and/or assembly committees to be tweaked and re-voted on, most likely soon. There is no reason to think this is over. Our phones have been ringing off the hook with clients worried about what will come next. If you have been thinking to condo convert one of your properties, it might be very wise to start the process IMMEDIATELY. Many of our clients are having us apply for the exemption and drafting (but not filing) the master deed and all other required documentation now. The process takes about 1.5 – 2 months, though possibly a little longer now since the DCA will be swamped with new exemption requests now that this has all happened. That way if or when another such bill passes they are all set to quickly file the master deed before the governor signs it into law. It is not a condo until they file that master deed, and they can even decide to sit on it and never file if they change their mind later. Give us a call if you have any questions about this process or what your options are for condo converting, we are happy to help!

2410, 2023

Actions for Adverse Possession in New Jersey

October 24th, 2023|Categories: Real Estate Law|Tags: , , , , , , , , , , , , |

When someone exercises ownership and control over a piece of [...]

2022-09-21T22:30:54+00:00
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