A condo community in Wayne, New Jersey is experiencing a case of sticker shock after its residents learned they would have pay for foundation repair work.
NorthJersey.com reported that the owners of condo-townhouse complex Brittany Chase is on the hook for nearly $3 million after it was discovered that the foundations under two of its townhouses are failing. The community’s homeowners are being assessed to fund the costs, even if their own homes are not affected.
In a June 20 letter sent to Brittany Chases unit owners (which was later posted in NorthJersey.com), Jennifer Alexander, the condo association's attorney, wrote that the soil beneath the two townhouses “has been consolidating over time. The cause is improper compaction, or in other words, a construction defect.” While Alexander said that the blame falls on the developer, it is unlikely the community could recover damages because the statute of limitations for bringing cause of action is six years.
Based on the calculations listed in Alexander's letter, the total repair cost for Brittany Chase, which consists of 395 condominiums and townhouses, would be $2.6 million. Each owner, according to NorthJersey.com, could be assessed for as much as $11,044, depending on the size of his or her apartment.
The assessments were initially due August 1, but later postponed until further investigation, according to Alexander's letter.