If you do not have an estate plan, you are not alone. Only about a third of Americans have estate plans. What is stopping you from making your estate plan? It could be because you do not know if it is the right time to make your estate plan. However, not making an...
We Understand The Ins And Outs Of Real Estate Law
Year: 2024
HOAs and New Jersey’s Sunshine Law
The "Sunshine Law," also known as the Open Public Meetings Act, grants the general public the right to attend meetings and observe public bodies' decision-making processes, such as Homeowners’ Associations (HOAs). The goal is to promote transparency and accountability...
What is at risk during a New Jersey title dispute?
When someone buys real estate in New Jersey, what they technically purchase is the title to the property. A home's title indicates who currently has ownership rights and control over the property. There can be title defects that impact someone's use and ownership of a...
Can a landlord keep a deposit for normal wear and tear?
When a new renter signs a lease, the landlord will typically ask for a security deposit. This deposit may be given back at the end of the lease. It’s supposed to be used in case anything major occurs in the apartment and needs to be repaired. Under New Jersey law,...
Understanding the New Jersey exit tax
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....
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...