Modifies certain inspection processes affecting owners of condominium and cooperative dwelling units.

This bill modifies inspection rules for condominiums and cooperatives in New Jersey by requiring the state to provide owners with 30 to 180 days' written notice before an inspection occurs. The legislation also establishes a tiered system that determines how often buildings are inspected based on how quickly they resolve violations found during previous checks. Additionally, the bill sets specific fees for inspection certificates, which vary depending on the number of units in the building and the owner's income level for smaller owner-occupied homes.