When Can Commercial Tenants Appeal? N.J.S.A. 54:3-21 authorizes any aggrieved tax payer to file an appeal, subject to other jurisdictional requirements.   The Superior Court has confirmed that, if tenant’s lease term covers an entire tax year, and the tenant is require to pay the real estate taxes applicable to the premises, the tenant is generally…

CREW NJ, Commercial Real Estate Women of New Jersey, has approved attorney Nicole L. Voigt for active membership.  The CREW Network is a national organization dedicated to advancing the professional development of women in commercial real estate through educational meetings and seminars, and promoting opportunity for business growth through networking on a local, state, and…

Farmland and Woodland Assessment Throughout Hunterdon County and surrounding areas, many landowners enjoy a reduced real estate tax assessment on their land, by devoting the land to agricultural use or woodland management. On August 1st of each year, these landowners must submit a form FA-1 to the municipality to establish their continued eligibility for the…

Frequently, buyers of real property will ask why they should invest in a new survey.  When answering that question, what comes to mind is first, “Yes!,” and second, “a picture is worth a thousand words.” If a buyer obtains a new survey prior to closing, a standard ALTA title insurance policy will cover any encroachment,…

Increased Minimum Gross Sales Beginning in the Tax Year 2015, lands subject to farmland assessment must establish $1,000.00 in gross sales for the first 5 acres of preserved farmland, and $5.00 for each additional acre. Prior to this change, only $500.00 in gross sales was required for the first 5 acres in agricultural use. This change…

What is Attorney Review:  In New Jersey, standard form real estate contracts typically used by realtors must, by law, include an attorney review provision.  As per this standard provision, within three business days, either parties’ attorney may “disapprove” of the standard form contract and propose revisions, or cancel the deal.  If this is not done…

Underground storage tanks (USTs) are a known risk in real estate transactions, and should be considered in every buyer’s due diligence. Whether residential, commercial, industrial, or agricultural, a leaking UST can have serious financial consequences and can, if not properly addressed, become the buyer’s problem post-closing. That said, the discovery and removal of a UST…

Fall is in the air, the kids are back to school, and real estate attorneys are busy closing on spring and summer home contracts.  Those that follow the local real estate market can find data on real estate sales through their trusted realtor, a local newspaper, or even popular real estate apps.  So why might…

MUST UPGRADE TO SEPTIC SYSTEM AS CONDITION OF SALE Effective June of 2012, properties serviced by a cesspool, privy, outhouse, latrine, or pit toilet may not be transferred without upgrading to a septic system.  (NJAC 7:9A-3.16(b)).  The regulations allow limited exceptions to this rule, such as a conveyance between family members or former spouses.  (NJAC…

By Guest Contributor, Wayne J. Ingram, P.E., P.P., Vice President, Engineering & Land PLanning Assoc. In April 2012, the NJDEP passed long-awaited revisions to the septic regulations in the State.  Among the changes were new mandates for tank upgrades, filter units, and requirements to abandon cesspools during real estate transactions.  But one of the most important…