N.J. Admin. Code § 5:26-10.6

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:26-10.6 - Period of effect

Unless cancelled by the prospective purchaser, the nonbinding reservation agreement shall be effective for a period of time no less than 15 days or, in the case of a conversion, 90 days after notice to the prospective purchaser that the application for registration and public offering statement have been registered by the Agency as provided in this chapter or until the developer withdraws the proposed planned real estate development or retirement community.

N.J. Admin. Code § 5:26-10.6

As amended, R.1981 d.130, eff. 5/7/1981.
See: 12 New Jersey Register 631(b), 13 New Jersey Register 259(a).
"or, in the case of a conversion, 90 days" added.