Condo Homeownership and Homeowners Associations

Condominium and homeowners association transactions can come with unique requirements and considerations. From association documents and fees to inspections, reserves, insurance, and state requirements, Realtors® should understand the issues that may impact their clients and transactions. New Jersey Realtors® provides the resources and information you need to stay up to date on requirements affecting condominiums and homeowners associations throughout the state.

Whether you’re representing a buyer, seller, or property owner, understanding how an association operates and the requirements that apply can help you better serve your clients. Association requirements can affect everything from a client’s monthly costs to their ability to use, finance, or make changes to a property. Realtors® can help clients know what questions to ask, identify information that should be reviewed, and connect them with the appropriate legal, financial, insurance, or other professionals when necessary.

New Jersey Realtors® continues to monitor issues affecting condominiums and homeowners associations and advocate for policies that protect property owners, support housing opportunities, and allow Realtors® to best serve their clients.