New Jersey Revised Statutes § 46:3-32 - Disclosure Of Existence Of Private Transfer Fee Obligation.

46:3-32 Disclosure of existence of private transfer fee obligation.

5.Prior to closing on any sale of real property, the seller shall furnish to any purchaser a written statement disclosing the existence of any private transfer fee obligation. This written statement shall include a description of the private transfer fee obligation and include a statement that private transfer fee obligations are subject to prohibitions under P.L.2010, c.102 (C.46:3-28 et seq.).

L.2010, c.102, s.5.

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Last modified: October 11, 2016