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Importance Of A New Jersey Transition Study

When construction of a condominium structure is complete and all amenities and infrastructure are in order, the next thing that is supposed to happen is the transition of the condo from the developer to the homeowners or community association. Before the transition happens, a New Jersey transition study has to be performed on the condo. <br>

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Importance Of A New Jersey Transition Study

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  1. Importance Of A New Jersey Transition Study Brought to you by: http://www.lockatong.com/

  2. When construction of a condominium structure is complete and all amenities and infrastructure are in order, the next thing that is supposed to happen is the transition of the condo from the developer to the homeowners or community association. Before the transition happens, a New Jersey transition study has to be performed on the condo. This study will help identify and document design and construction deficiencies on the property. The main focus of the transition study is the defects that the building could be having. Importance Of A New Jersey Transition Study www.lockatong.com

  3. For instance, if there are roof leaks, concrete settlement or water infiltration, they will be identified and a cost estimate to remedy them provided. By having the defects on the building that is about to be transitioned from the property developer to the community association resolved, the quality of life of the community is going to improve. Future repair costs that could have been caused by the defects that are currently available on the building will also be avoided. During the transition study New Jersey, a lot of things will be reviewed. Importance Of A New Jersey Transition Study www.lockatong.com

  4. Among the common ones include the construction plans, common area elements, certificates of occupancies, permits, utility line locations and so on. All these things will prove to be very important to the future management of the community association board.  Contrary to the belief that a NJ transition study is only originated by the new community association, this study is also beneficial to progressive developers. The transition study provides the developers with a certified punch list which has the ability to limit their liabilities in future. Importance Of A New Jersey Transition Study www.lockatong.com

  5. It can also act as a marketing tool to the developers especially on a project that has developed a poor reputation, for instance a condo that had to be stopped due to failure of an initial developer. If a new developer has taken on the project and is trying to resurrect it, the transition study will prove to be of great help.  Ideally, a New Jersey transition study occurs only once when the management of the property is being transitioned from the developer to the homeowners’ association board. Importance Of A New Jersey Transition Study www.lockatong.com

  6. At this point, some developers may require the study to be performed for them to be able to turn over the property to the homeowners’ board without any issues. If the developer does not order for the transition study, the homeowners’ board may demand for it to be performed just to make sure that there are not deficiencies or construction defects. If defects are found on the property, the developers will be required to address and repair them before the homeowners’ board can take its control.  The transition study also helps the homeowners’ association board to fulfill their fiduciary duty. Importance Of A New Jersey Transition Study www.lockatong.com

  7. The study serves as an independent and expert analysis that can be used by the board to make wise decisions when it comes to addressing construction defects. It helps take the guesswork out of identifying the repairs that need to be done on a property, their cause and associated costs. For more information that will help you understand what a New Jersey transition study is, visit Lockatong Engineers today.  Importance Of A New Jersey Transition Study www.lockatong.com

  8. Importance Of A New Jersey Transition Study Brought to you by: http://www.lockatong.com/

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