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Current as of February 19, 2021 | Updated by FindLaw Staff
In the case of a building or structure located in a qualified county, the public offering statement for a conversion as required by “The Planned Real Estate Development Full Disclosure Act,” P.L.1977, c. 419 (C.45:22A-21 et seq.), shall clearly inform the prospective purchaser of the provisions of this act regarding the protection of qualified tenants and tenants in need of comparable housing. Any contract or agreement for sale of a converted unit shall contain a clause in 10-point bold type or larger that the contract is subject to the terms of this act concerning such tenant protection and an acknowledgement that the purchaser has been informed of these terms.
Cite this article: FindLaw.com - New Jersey Statutes Title 2A. Administration of Civil and Criminal Justice 2A § 18-61.53 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-2a-administration-of-civil-and-criminal-justice/nj-st-sect-2a-18-61-53/
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