46:8B-8.1 - Establishment of condominium upon land held under lease - New Jersey Statutes

46:8B-8.1.  Establishment of condominium upon land held under lease
    Nothing in the act to which this act is a supplement shall be construed to prevent the creation and establishment of a condominium as defined in this act,  upon land held under a lease by the lessee or creator of the condominium,  provided that the master deed required under this act shall be signed, not only  by the lessee, but also by the lessor of the land who holds the legal title to  the land in fee simple.

     L.1973, c. 216, s. 3, eff. Aug. 23, 1973.