Due to the decline in property values and the unstable real estate market, a lot of our clients have been renting out apartments, condominiums and houses, rather than selling, in order to cover carrying costs until the market returns. Darrell Felsenstein, Esq., Partner in the firm’s Litigation Department reminds us that all Landlords of any […]
TAX EXEMPTIONS REINSTATED FOR GROUP HOMES FOR THE MENTALLY DISABLED In our winter 2010 Legal Update, we reported on a state tax court decision eliminating real property tax exemptions for certain private, not-for-profit companies. In the case of Advance Housing Inc. versus Township of Teaneck, a New Jersey Appellate Court has […]
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 […]
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 […]
AFFORDABLE HOUSING IN NEW JERSEY We are waiting for the New Jersey Assembly to act on the Senate Bill which will abolish the New Jersey Council on Affordable Housing (COAH). Perhaps one of the only silver linings that comes out of this recession and the slow down of residential development, is the fact that hardly […]
As attorneys who represent both individual and corporate clients, we view New Jersey’s Consumer Fraud Act as a double-edged sword. If you are an individual consumer, New Jersey’s Consumer Fraud Act has bestowed upon you an avenue to seek damages (triple damages) if you have been the victim of “any unconscionable commercial practice, deception, […]
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 […]
While Awaiting Congressional Reauthorization, Property Owners Located In Flood Prone Areas May Be Left Unprotected As Hurricane Season Approaches Insurance companies issue flood policies as part of the National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA). The NFIP operates under authority from Congress that has to be renewed periodically. While […]
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 […]
JUDICIAL INDEPENDENCE By: Darrell Felsenstein, Esq. Much has been written lately about judicial independence, following Governor Christie’s decision not to grant tenure to New Jersey Supreme Court Justice John E. Wallace. By all accounts, Justice Wallace’s time on the Court has been nothing short of exemplary. The New Jersey Constitution permits a Governor, after […]