Tag Archives | Real Estate

Loss of Deposit for Improper Cancellation of Contract on Punchlist Deficiency Grounds

The August 21st New York Times reports that a $4.7M deposit was forfeited by Roberta Campbell, ex-wife of Intuit Chairman William Campbell in a co-op deal gone awry. Seems the Federal Judge was unimpressed with the reasons asserted for attempted termination after the pre-closing inspection. It appears she attempted to turn punch list items into […]

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Extension of non-residential fee moratorium

Extension of Nonresidential Development Fee Moratorium   On August 24, 2011 Acting New Jersey Governor Kim Guadagno signed into law legislation which extends the moratorium on requiring developers to pay a nonresidential development fee to those projects which obtain final approval prior to July 1, 2013 provided a construction permit is issued before January 1, 2015.  As […]

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Non-residential Fee Act

On June 27, 2011 both the New Jersey Senate (S2974) and Assembly (A4221) unanimoulsy introduced legislation modifying the “Statewide Non-Residential Fee Act”. The bill seeks to extend a moratorium on the requirement of these fees to any projects which obtained final approval prior to July 1, 2013 provided a construction permit is issued before January […]

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Site Remediation Reform Act (SRRA)

          On May 7, 2009 the New Jersey Legislature signed the Site Remediation Reform Act (SRRA) which serves to dramatically change the manner in which parties remediate environmentally contaminated sites throughout the state.  The legislation now places the responsibility of remediation squarely on private environmental consultants known as Licensed Site Remediation Professionals (LSRP).  The intent […]

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Lead Paint

A Landlord’s Lament:  Lead Paint           In January of 2008, the New Jersey Legislature passed a law, which has been codified as N.J.S.A. 46:8-28.5, requiring lead paint inspection to tenant-occupied single or two family residential properties, including two-family properties in which one unit is owner-occupied.  This requires landlords of these units to register with the […]

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Time of Decision or Not Time of Decision? That is the Question

Time of Decision Or Not Time Of Decision?  That Is The Question  By:  Stuart D. Liebman              Members of the land use and development community here in New Jersey are waiting anxiously to see whether or not our new Governor, Chris Christie, signs the Bill that was recently sent to the Governor’s desk after being […]

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