NJ A2271

Associations of age-restricted common interest communities must permit dwelling unit owners to sell or transfer their property to buyers of any age, regardless of whether the buyer meets the community's age restrictions

Purchasers or grantees must still certify that the dwelling unit will be occupied by someone who meets the federal "housing for older persons" age requirements, even if the owner themselves is younger

The Commissioner of Community Affairs gains authority to assess penalties against associations that improperly restrict property transfers based on buyer age

Penalties may also be assessed against purchasers or grantees who allow their unit to be occupied by someone who doesn't meet the federal age compliance requirements

The bill aims to prevent age-restricted communities from unnecessarily limiting who owners can sell to, while maintaining occupancy requirements through enforceable certifications