New Jersey gives both condominium and planned-community associations a foreclosable assessment lien with a limited 6-month priority over a prior first mortgage. The Condominium Act, N.J.S.A. 46:8B-21, sets the rule for condos; N.J.S.A. 45:22A-44.1 extends the same 6-month super-priority to non-condo HOAs.
Under N.J.S.A. 46:8B-21, an unpaid-assessment lien has "a limited priority over prior recorded mortgages," except municipal liens or federal tax liens. That priority is capped: it "shall not exceed the aggregate customary condominium assessment against the unit owner for the six-month period prior to the recording of the lien," and is "cumulatively renewed on an annual basis." Liens "may be foreclosed by suit brought in the name of the association in the same manner as a foreclosure of a mortgage on real property," and the association may bid at the sale. The priority expires on the first day of the 60th month after recording. N.J.S.A. 45:22A-44.1 mirrors this 6-month priority for planned-real-estate HOAs.
Unpaid assessments become a foreclosable lien; the association may sue, foreclose like a mortgage, and bid on the unit at sale (N.J.S.A. 46:8B-21). Up to 6 months of regular assessments take priority ahead of a first mortgage holder in foreclosure.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
Toms River, NJ
Toms River prohibits any dog or animal that habitually barks, howls, cries, or makes other noise over a prolonged period, day or night. Nuisance animals may ...
Toms River, NJ
Toms River Chapter 368 restricts commercial construction, repair, alteration, and demolition noise in residential and commercial zones during nighttime hours...
Toms River, NJ
Toms River Chapter 368 (Nuisances) prohibits loud, unnecessary, or unusual noise that disturbs the comfort, repose, health, peace, or safety of others. Acts ...
Toms River, NJ
Toms River prohibits overnight parking of commercial vehicles with a gross vehicle weight of 4 tons or more on designated streets between 9 PM and 6 AM under...
Toms River, NJ
Toms River regulates street parking through Chapter 477 (Vehicles and Traffic) with multiple schedules designating no-parking zones, time-limited parking, an...
Toms River, NJ
Toms River requires vehicles to be parked on approved hard surfaces. Parking on grass, mulch, or any non-designated surface is prohibited on residential prop...
See how Toms River's assessment & dues rules stack up against other locations.
Help us keep this page accurate. If you notice an error or outdated information, let us know.