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Blog Category: Real Estate

Bill Proposes to Establish NJ Board of Home Improvement and Home Elevation Contractors

Mar 23, 2022 | Written by: Jacob A. Papay, Jr., Esq. |

On February 7, 2022, New Jersey Assemblymen Moriarty and Mukherji introduced A2138, a proposed bill to establish the NJ Board of Home Improvement and Home Elevation Contractors, a professional...

Landlords and Tenants: Remember NJ’s Anti-Discrimination Law Also Applies to You!

Jan 31, 2022 | Written by: Noel A. Lesica, Esq. |

A recent unpublished opinion from NJ’s Appellative Division, Kravits v. Royal Oaks Apartments, LLC and Metroplex Management, LLC, Docket No. A-1686-20 (decided January 27, 2022) is a good reminder...

“Time Is of the Essence” Clauses in Residential Real Estate Contracts

Jan 28, 2022 | Written by: Lori K. MacWilliam, Esq. |

When buyers or sellers enter into a contract of sale for the purchase or sale of residential real estate in New Jersey, they often think that the closing date written in the contract is set in stone...

NJ Tax Courts Continue to Uphold High Standards for Appraisals

Jan 28, 2022 | Written by: Tara A. St. Angelo, Esq. |

In a series of opinions issued in late 2021, New Jersey Tax Courts continued to uphold high standards for the acceptance of real estate appraisals at trial.  Specifically, the Tax Court continues to...

Mortgage Lender Has Implied Duty of Good Faith and Fair Dealing

Nov 2, 2021 | Written by: Jacob A. Papay, Jr., Esq. |

In a small victory for common sense and fairness, the NJ Appellate Division re-affirmed the principle that a mortgage lender owes an implied duty of good faith and fair dealing to the borrower and...

Smoke Detector, Carbon Monoxide and Fire Extinguisher Certificates

Nov 1, 2021 | Written by: Lori K. MacWilliam, Esq. |

There are many steps a potential home seller or landlord must take in preparing for a sale or a lease.  In New Jersey, state law (NJ Admin. Code § 5:70-2.3) requires that the seller or landlord of...

New Jersey Real Estate Transfer Fee

Jul 21, 2021 | Written by: Lori K. MacWilliam, Esq. |

Sellers of New Jersey real estate are sometimes surprised to find that they are responsible for the payment of a fee that is charged by all counties in the state at the time of the closing.  This...

Powers of Attorney

Jun 10, 2021 | Written by: Lori K. MacWilliam, Esq. |

A power of attorney can be a useful document in many situations.  It can allow individuals the ability to select who will handle their affairs if they cannot do so, either temporarily or for a longer...

For Inherited NJ Real Estate, Don’t Forget the L-9

Apr 21, 2021 | Written by: Lori K. MacWilliam, Esq. |

Since the State of New Jersey has eliminated the New Jersey estate tax, the amount of resident decedent’s estates that need to file returns has been significantly reduced.  The New Jersey...

The Benefits of Getting a Survey When Purchasing a Home

Mar 23, 2021 | Written by: Lori K. MacWilliam, Esq. |

As a home buyer prepares for closing, a question that usually comes up is “Do I need a survey?”  The answer is, generally, yes.  Often, the lender will require that a survey be obtained, but...