Are there limits on how many condos can be in a single complex?
Yes, there are limits on how many condos can be in a single complex in New Jersey. According to state laws, the number of condominium units in a single complex is restricted. Generally, the maximum number of units that can be in one complex is determined by the zoning ordinance or land use regulations, as set by the relevant municipality. For example, some local ordinances state that the maximum number of condos in one complex is 8, while others may allow up to 20. The density of the complex is also a factor in this determination, as the municipality can decide not to allow any more condos than what could be reasonably fit in the amount of allotted space. In addition, the municipality may also impose a limit on the number of condos that can be used for commercial purposes. The New Jersey Condominium Act also provides some guidance on this issue. According to the Act, the municipality can limit the number of condo units based on the amount of land available. The number of units should also consider the local zoning regulations, and the municipality should also take into consideration the impact of density on the purchasing market. Ultimately, the limits on how many condos can be in a single complex depends on the relevant local zoning ordinance or land use regulations. Municipalities can also modify and adapt those regulations when necessary. So it is important to check with the local municipality before building a condo complex to ensure that it is compliant with current regulations.
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