Beginning on March 20, 2024, the new NJ law requires sellers of real property and landlords to make disclosures regarding known and potential flood risks in purchase and sale agreements and new leases and renewals. ...more
4/1/2024
/ Commercial Leases ,
Commercial Property Owners ,
Contract Terms ,
Disclosure Requirements ,
FEMA ,
Flood Zones ,
Flooding ,
Landlords ,
Penalties ,
Property Owners ,
Purchase Agreement ,
Purchase and Sale Agreements ,
Real Estate Transactions ,
Real Estate Transfers ,
Residential Leases ,
Residential Property Owners
A recent decision of the New York Court of Appeals – the State’s highest Court – has thrown a wrench in a common litigation process used by commercial tenants – the so-called Yellowstone injunction. The 4-3 decision in 159 MP...more