N.J.S.A. 46:8B-21
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New Jersey Condominium Act — Lien for Common Expenses
Establishes assessment lien for condominium common expenses. The lien has priority over all liens except tax and governmental liens and first mortgages recorded before the assessment became delinquent. New Jersey requires judicial foreclosure for all real property liens.
Reviewed · New Jersey changes feed
Assessment
| Ref | Requirement |
|---|---|
| New Jersey is a judicial foreclosure state for all real property liens | |
| Establishes assessment lien for condominium common expenses. |
Enforcement
| Ref | Requirement |
|---|---|
| The lien has priority over all liens except tax and governmental liens and first mortgages recorded before the assessment became delinquent. | |
| New Jersey requires judicial foreclosure for all real property liens. |
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