As used in this chapter, the following terms shall have the meanings indicated:
The form of real property ownership provided for under the Condominium Act, P.L. 1969, c. 287 (N.J.S.A. 46:8B-1 et seq.).
A residential condominium, the residents of which do not receive any tax abatement or tax exemption related to its construction, comprised of a condominium association or homeowners' association wherein the cost of maintaining roads and streets and providing essential services is paid for by a not-for-profit entity consisting exclusively of unit owners within the community. No apartment building or garden apartment complex owned by an individual or entity that receives monthly rental payments from tenants who occupy the premises shall be considered a qualified private community except in the case of a low- and moderate-income set-aside development which shall receive the same services accorded to other qualified private communities under the provisions of this chapter.