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How long are condo associations required by law to keep records?


Question:

How long are condo associations (NJ) required to keep records, i.e., dates of repairs or damage to certain condos, new roofs, new sidewalks, inspections, etc. After management companies change, don't the records pass on the the new property management company? At recent meetings, questions were asked about roofs that were replaced 10 or 12 years ago, but there were no records as to why, contractor information, etc. Also, there is only one handicapped parking with cut curb for 104 units, with no information when it was made and who paid for it. Is there a requirement for archiving these expenses and minutes?


Answers (12)

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