Christine F. Li 15YEARSAWARDED

Christine F. Li

recognized lawyers icon Recognized in Best Lawyers since 2011
Awarded Practice Areas
Community Association Law Real Estate Law
Christine F. Li
Christine F. Li
Iselin, NJ
Works at
Greenbaum, Rowe, Smith & Davis LLP

49 Best Lawyers awards

Greenbaum, Rowe, Smith & Davis LLP logo

Biography

Chris concentrates her real estate practice on condominiums, planned real estate developments, and community associations. She is a primary resource for assisting residential and commercial developers with compliance matters related to New Jersey’s Planned Real Estate Development Full Disclosure Act (PREDFDA).

Chris handles all aspects of project registration with the New Jersey Department of Community Affairs (DCA) on behalf of residential and commercial developers and sponsors. Her work includes the preparation of public offering statements, master deeds, declarations and other documents governing the association. She advises on regulatory issues arising within the jurisdiction of the DCA, including public disclosure compliance, conversion and eviction laws, builder registration, new home warranty problems, consumer protection, community association regulations, and building or housing code violations.

She also performs the registration of developments situated outside of New Jersey with the Bureau of Subdivided Land Sales Control of the New Jersey Real Estate Commission so that homes in other states may be offered and sold within New Jersey.

Her experience encompasses residential condominiums, and subdivided lot communities administered by associations, where she structures the interests of high-rises, single-family detached units, townhomes, stacked flats and duplexes. She provides guidance related to the conversion of rental properties to the condominium form of ownership and the removal of tenants within the context of a conversion. Compliance with lending guidelines, age-restrictions and affordability controls restricting occupancy to low-and moderate-income households are part of her residential development practice.

Her work also includes all aspects of mixed-use developments, including those accommodating commercial, retail, office, and business uses, as well as industrial condominiums. She has significant experience in structuring and documenting large scale commercial, industrial and mixed-use developments to satisfy the specific requirements of institutional lenders.

Chris counsels successor developers and sponsors, owners, lenders, and associations on regulatory issues in existing and distressed communities, including negotiating to resolve financial and operational issues between the developer and the association. She undertakes the reformation of existing governing documents to resolve problems which were unanticipated when documents were originally drafted or are warranted due to the passage of time.

Chris has expertise in phasing developments to afford the sponsor maximum flexibility in planning and timing construction, and in incorporating improvements into a development. This includes compliance with requirements imposed by the Federal National Mortgage Association and Federal Housing Administration. She assists in recognizing and reconciling differences in expenses and ownership interests within a single development and in anticipating economic and operational differences using master and sub-associations.

In addition to her condominium and planned real estate practice, Chris is experienced in the acquisition and sale, mortgage financing and leasing of commercial and residential real estate. She provides litigation support in cases involving construction defects and transition from sponsor to unit owner control of associations. Her community association representation also includes general counseling, collections, and alternative dispute resolution.

Results may vary depending on your particular facts and legal circumstances.

Works at
Greenbaum, Rowe, Smith & Davis LLP

49 Best Lawyers awards

Greenbaum, Rowe, Smith & Davis LLP logo

Locations

Education

  • University of Pennsylvania, J.D., graduated 1980
  • Rutgers, The State University of New Jersey, B.A., graduated 1977

Bar Admissions

  • New Jersey, NJ - 1982

Affiliations

  • American College of Real Estate Lawyers - Fellow
  • Asian Pacific American Lawyers Association of New Jersey - Member
  • College of Community Association Lawyers - Fellow
  • Community Associations Institute - New Jersey Chapter - National Legislative Action Committee - NJ (past Chair); Board of Directors (former member and past Vice President); Uniform Common Interest Ownership Act Task Force (former member); Education Committee (former member); Editorial Committee (former member)
  • New Jersey State Bar Association - Member, Board of Consultors, Real Property, Trust and Estate Law Section; former Chair, Board of Consultors (2010 – 2011); former member, Amicus Committee

Client Testimonials

Awards & Focus

Lawyer of the Year Badge - 2019 - Real Estate Law
Named "Lawyer of the Year" by Best Lawyers® for:
  • Real Estate Law, Woodbridge (2019)
Recognized in The Best Lawyers in America® 2027 for work in:
  • Community Association Law
  • Real Estate Law
Awards:
  • Recipient of a New Jersey Institute for Continuing Legal Education Distinguished Service Award (2000)
  • Recipient of the 2013 Arthur S. Horn Distinguished Service Award from the New Jersey State Bar Association Real Property, Trust and Estate Law Section, in recognition of significant contributions to the development of Real Property Law in New Jersey

Case History

Transactions
  • Planned real estate development projects
Ongoing representation of numerous top-tier national and regional developers in planned real estate development projects. This work includes structuring of the development, preparation of governing documents, and project registration and regulatory compliance with the New Jersey Department of Community Affairs

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