Page 21 - CooperatorNews New Jersey Spring 2021

NJ.COOPERATORNEWS.COM COOPERATORNEWS NEW JERSEY — SPRING 2021 21 With locations in Northern and Central NJ Visit us on the web at www.WilkinGrp.com | 201.560.0900 Wilkin Management Group, Inc. 30 Years of History Wilkin Management Group, Inc.ilkin Management Group, Inc. Visit us on the web at www.WilkinGrp.com | 201.560.0900 W For over 30 years, Wilkin Management Group has held to an unshakeable corporate philosophy of Creating Value for Our Clients. Our People, Process and Performance demonstrates an un-wavering commitment to do so. reasons: to promote the association’s fi- nancial soundness, and residents’ safety. the association’s recorded documents. Many lenders will not loan to purchas- ers unless a condominium caps the per- centage of permissible rentals. Owners board and you are entitled to a written ex- who reside in their units (as opposed to planation for the board’s refusal. If such those who use them only as investment a rule has been adopted, and if you dis- vehicles), are generally considered to be pute its validity or its wisdom, you can more protective of their property and request an alternative dispute resolution more likely to properly maintain the con- dominium. Limiting condominium use that each association make available an to owners reduces the presence of strang- ers, and prevents transients from using putes between the association and own- the property. Many associations are of the ers. (The Act, N.J.S.A. 46:83-14(k).) The opinion that such restrictions promote New Jersey Department of Community the safety and security of residents and Affairs may fine an association for failure the condominium property. “A purchaser of a condominium unit would normally receive a copy of the by- laws upon purchase of the unit. The rules and regulations adopted by an association may be included in the bylaws, although normally they are not recorded with the governing documents. Therefore, you and telling owners who to vote for? Is this need to review the bylaws and rules and legal? regulations to learn if there are any limi- tations on the use of your condominium unit with respect to third persons who are not members of the association. They will tell you if the board’s written permission is required prior to loaning your unit to a friend in your absence. If you do not have a copy of the bylaws, ask the president of the board for a copy and also ask for a copy of the rules and regulations. If need be, the County Clerk will have a copy of “If written permission is required, it cannot be withheld unreasonably by the (ADR) hearing. New Jersey law requires ADR to mediate ‘housing-related’ dis- to make available an ADR.” Campaigning for Board Re-election Q Can a current board member advertise his re-election, or go around knocking on each door —Wondering If This Is Appropriate Q&A continued from page 7 continued on page 22