Legal Question in Real Estate Law in New Jersey

Those funds should be accounted for by the Association. If it was a special assessment, the overpayments may be refunded or put into a reserve account to be used for the special assessment purposes.

Governing documents of the Association should specify how assessments are made, collected, and used. Associations are supposed to provide annual financial reports and budgets to members anyway.

Surely the other owners have the same issue? It should be formally addressed to the Association officers for action or a response.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.