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This is an edited excerpt from an article written by Kimberly E. Lomot, Sarah Scott, and Stacey C. Tyler in the Summer 2021 edition of the NJSBA Real Property Trust and Estate Law Section publication. Read the full article and issue here (login required). While flexible work environments and co-working spaces like WeWork have been rapidly growing in popularity and availability over the last several years, most legal practitioners have stuck with a more traditional office space model, going to the same building every day, having our own reserved offices, and maintaining private conference rooms and common areas where we can receive clients. Then 2020 happened, ...

The New Jersey State Bar Association (NJSBA) sent a letter to Governor Phil Murphy asking the administration to take additional steps to ensure real estate transactions can continue during the state of emergency issued because of the COVID-19 pandemic. While an earlier executive order from the governor recognized real estate transactions as an essential service, the NJSBA noted, “current closures of various county and municipal services place this essential service in jeopardy without additional immediate action.” The NJSBA requested the administration to issue temporary waivers or provide an alternative method of meeting requirements for smoke alarm certificates ...

Originally published in the Real Property Trust and Estate Law Section Newsletter Vol. 28, No. 1/January 2014 Avoid the pitfalls of a poorly negotiated lease. Ensure that the structure of a company’s lease does not hinder the business’s success, but enhances it. A well-negotiated lease allows a business to grow and contract during any economy, and addresses the following: A well-written lease must clearly define the leased premises to include all aspects of the business’s needs, now and in the future. It is important that the tenant understand what square footage the leased premises includes in order to truly appreciate its rights and ...

The Affidavit of Consideration for Use by the Seller sets forth in instruction number 9, Partial Exemption from the Realty Transfer Fee, that " 'Senior citizen " means any resident of this State of the age of 62 or over." A living trust does not meet this description, and your client does not qualify for the reduced Realty Transfer Fee. Jim Foley