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...
Year: 2021
Contingencies are common in CRE contracts
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...
What is ‘just’ compensation?
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...
How the government values property
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...
Is it possible to stop eminent domain?
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...