2A:62A-12 - Definitions - New Jersey Statutes

2A:62A-12.   Definitions
     As used in this act:

    a.   "Association" means the entity responsible for the administration of a common interest community in which 75% or more units have been conveyed to unit owners other than the developer pursuant to subsection a. of section 2 of P.L. 1979, c. 157 (C. 46:8B-12.1), which association may be incorporated or unincorporated.

    b.   "Bylaws" mean the governing regulations adopted by a common interest community for the administration and management of the property.

    c.   "Common interest community" means real estate with respect to which a person, by virtue of his ownership of a unit, is obligated to pay for real estate taxes, insurance premiums, maintenance or improvement of other real estate described in the declaration.  Ownership of a unit does not include holding a leasehold interest of less than 20 years in a unit, including renewal options.  Common interest communities shall include, but not be limited to, condominiums and cooperatives.

    d.   "Declaration" means any instrument, however denominated, which creates a common interest community, including any amendment to that instrument.

    e.   "Bodily injury" means death or bodily injury to a person.

    f.   "Qualified common interest community" means a common interest community which is (1) residential and (2) contains at least four units.

    g.   "Unit" means a physical part of a common interest community designated for separate ownership or occupancy.

    h.   "Unit owner" means the person owning a unit or that person's spouse.

    L. 1989, c. 9, s. 1.