N.J. Stat. Ann. § 2A:18-51 et seq. § 2A:18-61.34
Informing prospective purchaser of act; contract or agreement for sale; clause informing of application of act and acknowledgment by purchaser
Operative Text
Any 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 amendatory and supplementary act, including, but not limited to, the provisions concerning eviction, rent increases and leases. 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 amendatory and supplementary act concerning eviction and rent increases and an acknowledgement that the purchaser has been informed of these terms. L.1981, c. 226, s. 15, eff. July 27, 1981.
Under N.J.S.A. 2A:18-61.34, when a residential building is converted to condominium or cooperative ownership in New Jersey, the public offering statement must clearly explain the tenant-protection provisions of the conversion law — including rules about eviction, rent increases, and leases — to anyone considering a purchase. Additionally, every sales contract for a converted unit must include a prominently printed clause (in bold type of at least 10 points) stating that the contract is governed by those same tenant-protection rules, along with a written acknowledgment from the buyer confirming they were informed. This provision ensures that buyers enter conversion transactions with explicit, documented notice of the legal framework that continues to govern the property.
Plain English — not legal advice.
Operators and developers managing a condominium or cooperative conversion in New Jersey must ensure that their public offering statement — as required under the Planned Real Estate Development Full Disclosure Act — fully addresses the tenant-protection provisions of N.J.S.A. 2A:18-61.34, covering eviction procedures, rent increase rules, and lease terms. Every individual unit sales contract must include a bold, 10-point-or-larger clause confirming the contract's subject to those rules, and must obtain a signed acknowledgment from each purchaser. Compliant operators typically work with legal counsel to review offering documents and contract templates before any units are marketed or sold.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under N.J.S.A. 2A:18-61.34, if you are a tenant living in a building undergoing conversion to condominiums or cooperatives in New Jersey, the law requires that any prospective buyer of your unit receive clear written notice of the eviction protections, rent increase limits, and lease provisions that apply under the conversion statute. If a sales contract for a converted unit lacks the required bold-type clause or buyer acknowledgment, that omission may be relevant to any dispute about your rights as a sitting tenant. Tenants in converted buildings can consult a tenant-rights organization or review resources from the New Jersey courts to better understand how these disclosure requirements interact with their continued occupancy rights.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 14, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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