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What A New Jersey Transition Study Involves

A New Jersey transition study is just as important as a reserve study for recently constructed community associations. During this study, the potential design or construction deficiencies on a property are identified and documented. Its main focus is usually the defects. <br>

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What A New Jersey Transition Study Involves

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

  2. A New Jersey transition study is just as important as a reserve study for recently constructed community associations. During this study, the potential design or construction deficiencies on a property are identified and documented. Its main focus is usually the defects. For instance, it is going to reveal things such as roof leaks, concrete settlement or water infiltration caused by poor design or craftsmanship. As part of the transition study, a cost estimate that will help remedy the defects will be provided.  What A New Jersey Transition Study Involves www.lockatong.com

  3. The purpose of a New Jersey transition study is totally different from the purpose of a reserve study. The transition study serves two purposes. First, after it has been conducted, it can be forwarded to the property developer so that they can address and repair the construction defects or deficiencies that were found. Since the study is carried out by an independent and unbiased evaluator, it provides more leverage for pressuring the property developer to comply with repairing the defects voluntarily. What A New Jersey Transition Study Involves www.lockatong.com

  4. A transition study can also be used as proof or evidence in litigation when demand and further negotiations to repair construction defects or deficiencies on the property in question prove futile. It can be used to force the developer to take responsibility for the defects that were found. By requesting this study, the board member of the community association will also have fulfilled their fiduciary duty. It serves as an independent and expert analysis that can be used for making sound business decisions when it comes to addressing construction defects. What A New Jersey Transition Study Involves www.lockatong.com

  5. Just like a reserve study, the New Jersey transition is going to help take any guess work out of determining repairs, the cause for those repairs, as well as the costs that will be involved in doing the repairs. It ideally occurs once when the property’s control shifts from the developer to the homeowners’ board. Some high quality developers usually order for a transition study to be conducted just to be sure that they are turning over the property to the homeowners’ board with a clean bill of health. And by doing so, the developer will avoid costly defect litigation and receive a fair settlement or remediation. What A New Jersey Transition Study Involves www.lockatong.com

  6. Even though the transition study may be similar to a reserve study in some respects, it serves very different purposes. It looks back in time in order to uncover the defects that were caused by the developer and contractors on a property. A reserve study on the other hand focuses on the future. It can and should be ordered and then updated accordingly in the future in order to accommodate the wear and tear that common area elements on a property are likely to be exposed to. What A New Jersey Transition Study Involves www.lockatong.com

  7. An engineer will perform an inspection of the entire property during a transition study. He will document every common element and note whether there are any defects. He will also take photos of the defects as well as prior attempts to repair them. It not only substantiates defects, but also details solutions as well as costs. To understand more on transition study New Jersey, check out www.lockatong.com today.  What A New Jersey Transition Study Involves www.lockatong.com

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

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