The New Jersey Exit Tax is a real estate transfer fee imposed on sellers leaving the state. It applies to residential properties sold by individuals or businesses relocating out of New Jersey. Here, you can learn more about the exit tax and how it may affect you....
We Understand The Ins And Outs Of Real Estate Law
Year: 2024
Tips for effective debt collection
Dealing with unpaying customers can be a daunting affair that not only affects cash flow but also disrupts the smooth functioning of business operations. When customers fail to pay their debts on time, it creates a ripple effect throughout the business. If you have...
What should homeowners know about the recent NAR settlement?
While you’re reviewing, initialing and signing the seemingly endless documents involved in a real estate transaction, you may give little thought to the commission that the selling real estate agent gets for their work. Many people have no idea whether it’s reasonable...
3 reasons landlords can lawfully retain security deposit funds
New Jersey landlords often require sizable deposits when renting out properties to new tenants. State law limits security deposits to one-and-a-half month's rent. Generally, there is an expectation that a landlord should return security deposit funds in full shortly...
Protecting your offer with contingency clauses
If you’re a first-time home buyer, it may seem rather surprising to offer someone such a substantial sum of money. When you put in your offer on a house, it’s probably more money than you have spent on one item in your life. Most buyers can’t even afford to do this on...
What should landlords know about New Jersey evictions?
Having rental properties can be a lucrative source of income, but that’s only the case if a landlord has tenants who pay on time and don’t damage the property. Unfortunately, almost every landlord has deal with the eviction process at some point. The laws in New...
Disputes that your business may have to deal with
Running your own company can bring a lot of personal and professional satisfaction. You get to be your own boss and represent a brand that you have built. That being said, running a business is by no means easy. There are a number of potential legal disputes that you...
Why you should never skip a walkthrough when buying a house
Before finalizing the purchase of a house, it's crucial to conduct a walkthrough. A walkthrough serves as a final inspection, allowing buyers to ensure that a property meets their expectations and is in as-promised condition. Skipping this step in the purchasing...
How zoning laws can affect your commercial real estate
When it comes to purchasing or leasing commercial real estate in New Jersey, one crucial aspect that is often overlooked is zoning laws. These regulations can significantly impact the use of your commercial property. Therefore, understanding them is essential to...
3 situations that may lead to title disputes in New Jersey
When someone buys a home or another piece of real property in New Jersey, what they pay for is the title to the property. New Jersey state authorities on the county level maintain clear records about the title history for a property to help ensure there are no...