Law360 Publishes Dilworth Paxson Analysis on New Jersey’s Condominium Reserve Study Requirements

Law360 published an article by Dilworth Paxson attorneys Michael Willner, Robert Baker and Jesse Dimitro examining how New Jersey’s mandatory five-year reserve study requirement is reshaping condominium governance and compliance. The article explores how reserve studies help condominium associations improve long-term financial planning, protect building safety, strengthen disclosures for buyers and lenders, and reduce legal risk for boards. The authors also discuss why New Jersey’s approach could serve as a model for other states as aging condominium communities face increasing infrastructure and funding challenges.

Read the article in Law360 (subscription required).