Blog: Real Estate
- Strategies for a Successful Residential Home Purchase
Oct 22, 2019
Making Certain You Protect Your Investment If you’re like most people, you’ll never make a bigger investment in anything than you will in your home. The purchase of real estate can be an extremely complex transaction, with extensive documents addressing a wide range of details. Here are some specific measures you can employ to help avoid potential pitfalls. Hire an Experienced Lawyer Real estate transactions are document-intensive and every little detail matters. Whether it’s the...Read More - Property Defects in a Commercial Lease
Oct 15, 2019
Can You Terminate a Commercial Lease because of a Property Defect? When you lease property, whether it’s residential or commercial, you expect that the premises will be in a condition that allows you to either safely reside or conduct your business there. Though such warranties are almost never expressly stated in the language of a property lease, the state of New Jersey has recognized an “implied warranty of habitability” for residential leases. That warranty allows...Read More - Life Estates in Real Property
Aug 27, 2018
Let’s assume that you’re retired and you own a house that you would like to convey to your children after you are gone. You’d prefer not to have the house run through your estate, but you don’t want to transfer the property now, as you want to stay in your house for the rest of your life, if possible. If you want the property to go to your children, one option is to re-title the...Read More - Docketing a Foreign Judgment in New Jersey
Feb 14, 2018
If you are owed money by an individual or business outside of the state of New Jersey, and you successfully obtained a judgment against the debtor in another jurisdiction, that judgment is entitled to “full faith and credit” in New Jersey, but you must take specific steps to “docket” the judgment in New Jersey. If you properly docket the judgment, it will be treated in a manner similar to a judgment of the Superior Court...Read More - The Notice Requirements under the Commercial Bulk Sales Act in New Jersey Real Estate Transactions
Nov 28, 2017
Under New Jersey law, as revised in 2007, real estate transactions are included in among the exchanges covered by the state’s Commercial Bulk Sales Act. The statute covers the sale of rental property, real estate used in a trade or business, real estate owned by a business entity, deeds in lieu of foreclosure for income producing properties, auction sales not ordered by a court, and like-kind exchanges under Section 1031. The law does not include...Read More - Why You Need a Real Estate Lawyer
Feb 27, 2017
If you are buying or selling real property, you can seek out the assistance of a real estate agent or try to get through the process using information obtained from the internet. So why would you want to hire an attorney to oversee the transaction? That can cost a lot of money, right? No – generally legal fees to handle a real estate settlement total less than $1,200.00 on a flat fee basis. Here are...Read More - Types of Deeds: The Different Types of Real Property Deeds
Jan 8, 2017
When you are buying or selling real estate, one of the critical documents required to complete the transaction is a deed. The deed is a legal document that officially transfers title and ownership of real property. It is signed by both the buyer and seller and is typically recorded at the register of deeds office. There are, however, different types of deeds that are typically used in New Jersey to convey different rights of ownership:...Read More