46:8B-8.1. Establishment of condominium upon land held under lease
87 words·~1 min read·
/nj/title-46/chapter-8b/46-8b-8-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nothing in the act to which this act is a supplement shall be construed to prevent the creation and establishment of a condominium as defined in this act, upon land held under a lease by the lessee or creator of the condominium, provided that the master deed required under this act shall be signed, not only by the lessee, but also by the lessor of the land who holds the legal title to the land in fee simple.
L.1973, c. 216, s. 3, eff. Aug. 23, 1973.