New Jersey Statutes 46:8B-37. Application of act
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Terms Used In New Jersey Statutes 46:8B-37
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The provisions of this act shall not apply to any lease involving the use of parking, recreational or other common facilities or areas at a condominium project where such parking, recreational or other common facilities have been fully completed and in operation as of the effective date of this act and the lease therefor is duly executed, whether before or after the effective date of this act, by the developer and the association.
L.1979, c. 297, s. 7, eff. Jan. 17, 1980.