Category Archives: Real Estate

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Residential Issues to Avoid for Multi-Family and Mixed-Use Properties: Are You Violating Leasing Laws?

Posted in Commercial, Retail & Industrial Real Estate, Real Estate

There’s a big demand for multi-family and mixed use properties in New Jersey. Savvy owners have an opportunity to provide valuable housing and make a good profit at the same time. However, New Jersey has very strict residential leasing laws. If you violate these laws when leasing and operating properties, you can lose money and suffer civil, as well as possible criminal penalties. The good news is that adept counsel can help you to comply with these residential laws.

Do You Have The Estoppel Rights You Need?

Posted in Real Estate

Property owners, lenders and others are using estoppels to stop problems. Although estoppels only contain a small number of words, they can have big benefits. If you are missing estoppel rights, you can miss opportunities and suffer from lawsuits and disputes.

New Residential Lease Language Required to Collect Attorneys’ Fees

Posted in Commercial, Retail & Industrial Real Estate, Real Estate

On January 17, 2014, Gov. Christie signed into law Assembly Bill 3851, requiring landlords of residential property to include additional language in new residential leases after February 1, 2014. The new law recognizes an implied covenant of collection of attorneys’ fees and costs for a tenant, if the lease allows the same for the landlord.

Does Affordable Housing Transform a Project into an Inherently Beneficial Use?

Posted in Real Estate

The case of Advance at Branchburg II, LLC V. Township of Branchburg Board of Adjustment, (N.J. Super. Ct. App. Div. 2013) dealt with the issue of whether a residential development could be treated as an inherently beneficial use when only approximately 20% of the development was utilized for affordable housing. The developer was seeking a d (1) use variance for a multi- family residential development consisting of 292 units, of which 59 would be affordable housing units. The developer argued that the inclusion of the affordable housing component rendered the entire development an inherently beneficial use.

Reduce Real Estate Taxes Now

Posted in Real Estate

Would you like to save money? In March, I wrote about 10 Ways Landlords Can Cut Costs and Increase Income Now. A great way to cut costs and add value now is by reducing real estate taxes