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 […]
Avoiding Foreclosure in New Jersey
Foreclosure is a daunting prospect for any homeowner. The good news is that there are many options for avoiding foreclosure. The process is expensive, and banks like to avoid it whenever possible. As a result, it is important to consult with an attorney about the options that could be available to you to avoid foreclosure. […]
Apartment Security Deposits in New Jersey
New Jersey – like many other states – has enacted laws to protect tenants’ security deposits while they are being held by a landlord. Landlords who fail to meet these requirements can face financial penalties. It is important for landlords to understand their legal obligations – and for tenants to understand their rights. Attorney Lawrence […]
What is the Implied Warranty of Habitability?
As a landlord, it is your duty to understand and meet your legal obligations to tenants. Tenants can legally withhold rent if landlords fail to make repairs or correct other issues that make the premises uninhabitable. Don’t wait to seek legal advice until a dispute has already started. Lawrence M. Centanni is an experienced New […]
Resolving HOA Disputes
As a property owner, a dispute with your homeowners’ association can drastically limit your property ownership rights. For this reason, if you are involved in a dispute, it is important to consult with a real estate attorney about your legal options. When HOAs are left unchallenged, they can continue restricting other owners’ rights. It is […]
How Title Issues Can Affect Your Real Estate Closing
A thorough title inspection conducted by a real estate professional is one of the most important steps you take to protect your legal rights in a real estate transaction. It is critical to understand the common problems buyers and sellers can encounter in real estate transactions so that you know how to resolve them prior […]
The Importance of Having an Attorney Review Your Commercial Lease
If you are a business owner who is looking to open a brick-and-mortar location or considering moving your existing business, there is a good chance that there is a commercial lease in your future. A commercial lease is an agreement that specifies the rights and obligations of a landlord and tenant with respect to a […]
Buying a Building with New Tenants? Be Sure to Comply with Security Deposit Laws
Purchasing an investment property with existing tenants can be an attractive option for people looking to get into real estate. In an ideal world, you will have responsible tenants that cover your mortgage payment or provide you with reliable rental income every month. It’s important to remember, however, that you also have certain legal obligations […]