Viewing a single comment thread. View all comments

PrincipleOfMoments t1_j699wdx wrote

There are two types of fees/assessments at Pt Lib. One is for the individual condo association in which your unit is located, and the other is for the overall HOA that governs all three condos that make up Pt Lib.

Agents and realtors can tell you anything because the standard NJ real estate contract says you are not relying on anything they say.

Sellers can slip around being candid by (accurately) saying they have not been officially notified of any specific upcoming assessment even though anyone in the community who keeps even slightly aware of the governance issues knows what seems likely to be coming.

Make sure you have a lawyer who knows what to ask for in due diligence and what to ask the seller.

9