2016 New Jersey Revised Statutes
Title 46 - Property
Section 46:8A-22 - Joint And Several Liability Of Purchaser And Seller For Payment Of Assessments; Purchaser's Recovery; Statement Of Amount Due By Seller

NJ Rev Stat § 46:8A-22 (2016) What's This?

46:8A-22. Joint and several liability of purchaser and seller for payment of assessments; purchaser's recovery; statement of amount due by seller
The purchaser of an apartment shall be jointly and severally liable with the seller for the amounts owing by the latter under section 18 of this Title up to the time of the conveyance, without prejudice to the purchaser's right to recover from the other party the amounts paid by him as such joint debtor. The council of co-owners shall provide for the issuance and issue to any purchaser, upon his request, a statement of such amounts due by the seller and the purchaser's liability under this section shall be limited to the amount as set forth in said statement.

L.1963, c. 168, s. 22.

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