New Jersey Statutes 46:3-32. Disclosure of existence of private transfer fee obligation
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 46:3-32
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
5. Prior to closing on any sale of real property, the seller shall furnish to any purchaser a written statement disclosing the existence of any private transfer fee obligation. This written statement shall include a description of the private transfer fee obligation and include a statement that private transfer fee obligations are subject to prohibitions under P.L.2010, c.102 (C. 46:3-28 et seq.).
L.2010, c.102, s.5.