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New Jersey Statutes, Title: 46, PROPERTY

    Chapter 8b:

      Section: 46:8b-26: Condominium termination

           Any condominium property may be removed from the provisions of this act by agreement of unit owners of units to which at least 80\% of the votes in the association are allocated, or any larger percentage that the master deed or any amendment thereto specifies. Termination shall be effective upon the filing of a deed of revocation duly executed by unit owners of units to which at least 80\% of the votes in the association are allocated, or any larger percentage that the master deed or any amendment thereto specifies or the sole owner of the property and recorded in the same office as the master deed.

L. 1969, c. 257, s. 26, eff. Jan. 7, 1970. Amended by L. 1985, c. 3, s. 1, eff. Jan. 8, 1985.



This section added to the Rutgers Database: 2012-09-26 13:37:54.






Older versions of 46:8b-26 (if available):



Court decisions that cite this statute: CLICK HERE.