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.
N.J. Stat. Ann. § 46:8B-8.1
Establishment of condominium upon land held under lease
Known as the Condominium Act
The act spans §§ 46:8B-1 to 46:8B-9 (42 sections).
L.1973, c. 216, s. 3, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.