N.J.S.A. 46:8B-15
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New Jersey Condominium Act — Budget and Assessments
Requires the association to establish an annual budget and determine common expense assessments. Budget must be distributed to unit owners. Provides framework for assessment calculation and collection.
Reviewed · New Jersey changes feed
Assessment
| Ref | Requirement |
|---|---|
| Provides framework for assessment calculation and collection. | |
| Requires the association to establish an annual budget and determine common expense assessments. | |
| Budget must be distributed to unit owners. |
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