Limits increase in association dues for unit owners in association of planned real estate development to 10 percent under certain circumstances.

New Jersey bill A3314 limits annual increases to association dues for unit owners in planned real estate developments to 10% per year. The law prevents association boards from raising dues more than 10% above the prior year's amount, excluding late fees or interest. Unit owners can report violations to the Consumer Affairs Division for investigation or file lawsuits seeking $1,000 penalties per violation plus refunds for excessive payments. Exceptions include dues hikes required for compliance with other laws or commissioner-approved increases.