New Jersey's condo and co-op safety law
When inspections reveal serious structural issues, the impact on communities can be devastating. New Jersey's 2024 law helps boards prevent these scenarios through proactive inspections and proper reserve funding. Let's break down what your building needs to handle now.
The law targets two critical areas:
- Structural inspections from licensed engineers (for concrete, steel, and masonry buildings)
- Reserve studies backed by adequate funding
Most buildings need their first inspection by January 2026. Reserve studies are due sooner—by early next year. The timeline is tight, but getting ahead of these requirements protects both your residents and property values.
Understanding what's required
Your structural inspection checklist:
- Licensed engineers assess load-bearing systems
- You receive maintenance priorities and timelines
- Buildings over 20 years old need more frequent checks
- Full transparency—reports available to all residents
Smart reserve planning:
- 30-year expense mapping
- Adequate funding levels required by law
- Regular review cycles
- Reduced reliance on special assessments
Next steps for 2025
- Book your structural inspection
- Start reserve study (time's running short)
- Assess current reserves against requirements
- Choose your funding path:
- Minor gaps? Two-year fix
- Major shortfall? Ten-year plan
- Critical repairs? Boards can now act fast
Looking ahead
These requirements might feel overwhelming, but they're manageable with early planning. Many boards are tackling this in phases—starting with assessments, then building their funding strategy. Need some help? Learn more about Daisy.
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