New Jersey § 46:8c-15
Full text of New Jersey New Jersey Statutes § 46:8c-15, with citation guidance and answers to common questions.
§ 46:8c-15.
a. In order to exercise the rights provided in sections 2 and 3 of this act, 1 the owners of homes in a private residential leasehold community shall form an association in compliance with this section and sections 7 and 8 of
this act. 2 Such an association shall be organized as a corporation or association either for
profit or not for profit, upon the consent, in writing, of two-thirds of the owners
of homes in the community to become members or shareholders therein. For the purposes of this act, whenever the consent of homeowners is required on
any question, there shall be counted only one vote for each dwelling unit. Upon consent by two-thirds of the homeowners, all consenting homeowners shall become
members of the association and shall be bound by the provisions of the articles of
incorporation, the bylaws of the association, and such restrictions as may be properly
promulgated pursuant thereto. Upon incorporation and service of the notice described in section 7 of this act,
the association shall become the representative of the homeowners in all matters relating to the provisions of this act. b. If at the time when a landowner determines to offer private residential leasehold community land for sale, or receives a bona fide offer from a prospective purchaser, there is no
homeowners' association then in being in the private residential leasehold community , the landowner shall, at least 15 days before proceeding to make such offer of sale, or within 10
business days of receiving such a bona fide offer, as the case may be, notify in writing
each owner of a home within the private residential leasehold community that he intends doing so. If, after receipt of such individual notices and within the period fixed by subsection
b. of section 2 of this act for execution of a contract, a homeowners' association
is formed pursuant to this act, the association so formed shall exercise and perform
all the rights, duties and functions provided in this act on and from the day on which
notification is made to the private residential leasehold community landowner pursuant to section 7 of this act. 1
N.J.S.A. §§ 46:8C-11 and 46:8C-12. 2
N.J.S.A. §§ 46:8C-16 and 46:8C-17.
Frequently Asked Questions About New Jersey § 46:8c-15
What does New Jersey Statutes § 46:8c-15 cover?
Section 46:8c-15 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 46:8c-15?
A common citation format is "New Jersey Statutes § 46:8c-15" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 46:8c-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.