In New Jersey, the state or federal government can take private property to use it for public purposes if the taking meets the statutory and constitutional requirements. In order to take the property, the government must intend to use it for public purposes and must...
When legal disputes arise in commercial real estate, serving an action or requesting a judge isn’t always necessary. Disagreements in New Jersey real estate are also solved through mediation. Mediators are those who work in the same manner that teachers and coaches do...
Investing in a New Jersey commercial property may be an effective way to help you diversify your portfolio. It can also be an effective way to generate a steady stream of income while also benefiting from the fact that a property will appreciate in value over a period...
New Jersey residents already familiar with commercial real estate transactions know the importance of understanding contingencies. Contingency clauses allow parties to a real estate deal the option of backing out if certain conditions exist. Some real estate experts...
No matter if you're in New Jersey or Florida, the government has the right to obtain private land to build improvements for the city if they are necessary. This is known as eminent domain, and although not exactly the best law in the books, it is nevertheless a law...
As cities and towns across the state of New Jersey begin to grow in population, so does the need for additional water lines, roads and highways. These additions will often lead city governments to expand into areas already owned by private citizens. Although the...
If you own property in New Jersey, some governmental entities have the right to take your property through the process of eminent domain. They might want to clear your land to make room for a highway, park, public building or another form of development. Through...
Investing in commercial real estate in New Jersey can be a great way to increase your profits and enjoy steady income for years to come. But while some types of commercial property might seem like a safe bet, success is never guaranteed. Here are some tips on making...
The school district has informed you that it plans to take over two blocks near one of its high schools for an expansion project that will cost several millions of dollars. The trouble is: You and several of your neighbors have residential homes on these blocks. As...
By law in the United States, your state and federal governments can take a portion of land that you legally own. This government power is called “eminent domain.” The government can then do whatever they want with the land. They can build roads on it, designate it for...
