N.J. Admin. Code § 5:24-1.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 5:24-1.4 - Contents of notice of intent to convert

(a) The notice of intent to convert shall consist of two items as follows:

1. Notice to the tenants of their right to purchase ownership in the premises at a specified price in accordance with section 5 of the act;

2. Notice that the tenant in occupancy at this time shall have an exclusive right to purchase the unit or park site or shares of stock allocated thereto for the first 90 days after such notice, and that during this 90-day period the unit or site cannot be shown to a third party unless the tenant has in writing waived the right to purchase;

N.J. Admin. Code § 5:24-1.4

Amended by 49 N.J.R. 539(a), effective 3/20/2017