Top 10 Things to Know as a New Jersey Landlord
By Larry M. Centanni, Esq. When it comes to landlord-tenant law in New Jersey, the rules are spelled out pretty clearly. There are certain rules that landlords must abide by and the same is also true for tenants. The purpose of the law is to protect all parties involved in rental situations. One of the […]
Considerations for Purchasing Commercial Property in New Jersey
Things buyers need to consider before buying commercial property in New Jersey.
Preparing to Buy a New Jersey Residential Property
By Lawrence M. Centanni Though interest rates are higher than most potential homebuyers would like, the reality is people still need a place to live. With the price of rent continuing to increase, purchasing a property now with the intent to refinance when interest rates drop may still save folks money in the long run. […]
Crafting Enforceable Indemnity Clauses for Commercial Leases
By Larry M. Centanni, Esq. When it comes to indemnification, or “hold harmless,” clauses in New Jersey commercial leases, there can be some real challenges. Oftentimes, parties to a commercial lease will make an effort to interpret an indemnification clause to their benefit should a legal issue arise. Properly constructing an indemnification clause ahead of […]
Do I Need to Hire a Home Inspector to Purchase a House in New Jersey?
By Larry Centanni, Esq. It’s hard to find a great home that you can afford and easy to fall in love with it when you do, so it’s important to take prudent steps to ensure that you know exactly what you’re buying. New Jersey law does not require hiring a home inspector to purchase a […]
How NJ Courts Interpret The Right Of First Refusal In Commercial Real Estate
How NJ Courts Interpret The Right Of First Refusal In Commercial Real Estate The right of first refusal ROFR is a clause in residential leases in New Jersey that provides tenants with the right to match a third-party offer to buy the property they are leasing. New Jersey courts have overwhelmingly interpreted the RORF to […]
Keep Track of NJ Rental Assistance Bill 3357. It Would Help Landlords and Tenants.
On January 12, 2021, New Jersey State Senator Brian P. Stack introduced Bill 3357, appropriating $300 million dollars of Cares Act funding to help landlords and tenants that have been impacted financially by Covid 19. Eviction moratoriums are effective in keeping families in their homes but have caused many small landlords to suffer financially, and […]
Purchase Commercial Property With A Phase 1 ESA
WHEN YOU PURCHASE COMMERCIAL PROPERTY, ALWAYS CONDUCT A PHASE 1. It’s extremely unwise to purchase a property without taking a Phase 1 Environmental Site Assessment (“ESA”). Most banks will require it, and even if you’re paying cash, it protects you from purchasing an environmentally compromised property without an appropriate price adjustment. There are many properties […]
Preparing For The Upcoming Landlord Tenant Court Tidal Wave
As the weather heats up, and COVID here for the duration, take a look as to what New Jersey landlords must be achieving now and not later to prepare for the eviction process. New Jersey landlords have been radically affected by this pandemic and each and every one of them will be affected in the […]
What New Jersey Landlords Need to Know About Evictions Under the CARES Act
A major legal change on the Federal level, for now, to occur as a result of the coronavirus pandemic was a halt to evictions. This public safety measure has the important goal of ensuring that tenants have a home to shelter in so they can adhere to lifesaving social distancing guidelines – even if they […]