Property Management
A property management company in NJ that manages more than 10 residential units must comply with the:
ANJ Condominium Act only
BNJ Hotel and Multiple Dwelling Law (state housing code for multiple dwellings) including required inspections✓ Correct
CCAFRA regulations
DNJ DEP pesticide regulations exclusively
Explanation
Buildings with three or more dwelling units are classified as multiple dwellings under NJ law and must comply with the Hotel and Multiple Dwelling Law, which requires registration and periodic inspections by the Bureau of Housing Inspection.
Related New Jersey Property Management Questions
- The NJ Truth in Renting Act requires landlords to:
- A NJ condominium association board has the authority to:
- What is the primary purpose of a property management agreement?
- Under NJ's Security Deposit Law, a landlord of a residential property with more than two units must return the security deposit within how many days after the tenancy ends?
- A net lease in commercial property management requires the tenant to pay:
- A capitalization rate decrease indicates that property values are:
- A NJ property manager who receives an owner's funds but fails to disburse them to the proper parties or account for them is guilty of:
- A NJ property manager who signs leases, collects rents, and arranges repairs on behalf of the property owner is acting as a(n):
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →