Hurricane Sandy: Real Estate Contracts and Transactions- What to Look for

Posted in Real Estate

Most purchase and sale agreements, leases, mortgages, insurance policies, construction contracts and other real estate related contracts have provisions which control in the event of casualty or damage to property caused by hurricane Sandy or at other times. Amongst other things, the contract provisions may relate to insurance, responsibility for repair or reconstruction, notice obligations, rights to terminate, delays and the like. The contracts should be reviewed carefully to be certain that all technical and substantive rights and obligations are addressed.

Contact Gary S. Forshner, Esquire at 609-895-7250 or gforshner@stark-stark.com if you have any questions or need assistance regarding storm related damages or casualty issues in real estate contracts or transactions.

Gary Forshner is a Shareholder in Stark & Stark’s Real Estate, Zoning & Land Use Group in the  Lawrenceville, New Jersey office. For questions, please contact Mr. Forshner.