New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 26 - PLANNED REAL ESTATE DEVELOPMENT FULL DISCLOSURE ACT REGULATIONS
Subchapter 3 - APPLICATION FOR REGISTRATION
Section 5:26-3.1 - Contents of application for registration
Universal Citation: NJ Admin Code 5:26-3.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The application for registration shall contain the following documents and information:
1. An irrevocable appointment of
the Agency to receive service of any lawful process in any noncriminal
proceeding arising under the Act against the developer or agents of the
developer;
2. The states or other
jurisdiction, including the Federal Government, in which an application for
registration or similar documents have been or will be filed and any order,
judgment or decree entered in connection therewith by the regulatory
authorities in each of the jurisdictions or by any court or administrative body
thereof;
3. The name, address and
principal occupation for the past five years of every officer of the applicant
or person occupying a similar status and of any person performing similar
management functions; the extent and nature of any such person's interest in
the applicant or the development as of a specified date within 30 days prior to
the filing of the application for registration;
4. Copies of the articles of incorporation,
with all amendments thereto, if the developer is a corporation; copies of all
instruments by which the trust is created or declared, if the developer is a
trust; copies of the articles of partnership or association and all other
organization papers if the developer is organized under another form. In the
event the developer is not the legal title holder to the property upon which
the development is or is to be constructed the above documents shall be
submitted for both the developer and the legal title holder;
5. A legal description by metes and bounds or
other acceptable means of the lands to be registered, together with a map
showing the proposed or actual subdivision and showing the dimensions of the
lots, parcels, units or interests, as available, and the relation of such lands
to existing streets, roads and other improvements. The aforesaid map shall be
drawn to scale, signed and sealed by a licensed professional engineer or land
surveyor;
6. Copies of the deed or
other instrument establishing title in the developer and title search, title
report or title certificate or binder issued by a licensed title insurance
company;
7. A statement concerning
any litigation, orders, judgments or decrees which might affect this
offering;
8. In the event that the
application for registration is for the conversion of a vacant building, an
affidavit to that effect shall be submitted by the developer;
9. In the event that the application for
registration is for the conversion of a building occupied by residential
tenants, an affidavit of service of the proposed Public Offering Statement as
required by
5:26-9.3 shall be
submitted;
10. In the event that
the application for registration is for a newly-constructed property, evidence
of registration under the New Home Warranty and Builders Registration Act
(46:3B-1 et seq.) shall be
submitted;
11. A statement that the
lots, parcels, units or interests in the development will be offered to the
public and sold or alienated without regard to marital status, sex, race,
color, creed, religious principles, national origin, ancestry, affectional or
sexual orientation, or any other basis prohibited by the Law Against
Discrimination (10:5-1 et seq.);
12. A statement of the present condition of
access to the development and the existence of any adverse conditions that
affect the development that are known, should be known or are readily
ascertainable;
13. Copies of all
contracts and agreements which the purchaser may be required to execute in
connection with this offering;
14.
In the event there is or will be a blanket encumbrance affecting the
development or a portion thereof, a copy of the document creating it and a
statement of the consequences upon a purchaser of a failure of the person bound
to fulfill the obligations under the instrument and the manner in which the
interest of the purchaser is to be protected in the event of such
eventuality;
15. Two copies of the
proposed public offering statement;
16. A current financial statement of the
developer and any predecessor, parent or subsidiary company, including but not
limited to a current profit and loss statement and balance sheet audited by an
independent public accountant;
17.
A statement concerning any adjudication of bankruptcy during the last five
years against the developer, its predecessor, parent or subsidiary company and
any principal owing more than 10 percent of the interests in the development at
the time of the filing of the application for registration. This requirement
shall not extend to limited partners or those whose interests are solely those
of investors;
18. Copies of all
easements and restrictions, whether of record or not;
19. A statement as to the status of
compliance with all the requirements of all laws, ordinances, regulations of
governmental agencies having jurisdiction over the premises, including but not
limited to any permits required by the Department of Environmental Protection,
together with copies of all necessary Federal, State, county and municipal
approvals;
20. A statement that the
developer, its officers or principals have never been convicted of a crime
involving any aspect of real estate sales business in this State, the United
States or any other state or foreign jurisdiction and that the developer has
never been subject to any permanent injunction or final administrative order
restraining a false or misleading promotional plan involving real property
disposition;
21. An affidavit,
signed by the developer, that the contents of the application are true and
accurate;
22. Such other additional
information as the Division may require in individual cases after review of an
application for registration to assure full and fair disclosure;
23. A listing of the units in the building
together with the current monthly rental thereof.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.