People who are interested in leasing a commercial space may focus on things like the location and the features of the property. There’s another critical thing that they need to review – the lease. Commercial leases are much different than residential leases. There...
We Understand The Ins And Outs Of Real Estate Law
Real Estate Law
What does it mean if there’s an easement on a property?
People who are purchasing a property must do their due diligence before they complete the purchase. One thing that some individuals may not remember is to check for easements, which are legal rights of another party to use a part of the property for a specific...
Do sellers have to disclose stigma attached to real property?
Listing real property for sale can be a nerve-racking process. Sellers want to list at the right time to optimize how much they make through the transaction. They often secure help staging the home to make it as attractive as possible to potential buyers. Of course,...
Is an as-is listing a way to avoid disclosure requirements?
Real estate transactions involve a major financial commitment on the part of the buyer. It is therefore crucial that the person making an offer on a property understand the overall condition of the home. New Jersey requires thorough disclosures when listing real...
What does the new real estate law mean for New Jersey residents?
This spring, we discussed the settlement of the class-action lawsuit against the National Association of Realtors (NAR). The most far-reaching effect of that settlement, as we noted, was that real estate agent’s sales commissions would be negotiable, which would...
How does a triple-net lease work?
There are many different ways to structure a commercial lease. It is very important for both the landlord and the company owner to understand exactly what they’re agreeing to and what obligations they will have. This is especially true with commercial properties...
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....
When can someone claim adverse possession of New Jersey land?
Someone who purchases or inherits real property in New Jersey will have a financial interest in preserving their ownership rights. Typically, those who own real property have the right to use the property, leverage it as collateral for a loan or sell it to other...
Why do some real estate deals fall through?
Whether you’re buying or selling a piece of real estate, it’s a big decision. The finances involved are usually significant and there’s a lot at stake. Often, real estate deals go through smoothly, but this isn’t always the case. Sometimes, a buyer will try and back...
Common errors in real estate contracts to avoid
While real estate contracts are fairly straightforward, mistakes still happen. Even seasoned real estate agents make them from time to time. The best way to avoid errors with a real estate contract is to know the most common ones. Not filling in the entire contract...