Real Estate

THE ROLE OF OPRA IN REAL ESTATE TRANSACTIONS

The New Jersey Open Public Records Act (“OPRA”) allows a buyer or seller to request documents from a municipality and other governmental entities that may provide important information about a property that is being sold or purchased. Under OPRA, a governmental entity must provide most documents for inspection, copying or examination in response to a …

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NJ PLANNED REAL ESTATE DEVELOPMENT FULL DISCLOSURE ACT EXEMPTIONS

(Thats a mouthful.) Certain types of new home construction are regulated by the State of New Jersey under a statute entitled the Planned Real Estate Development Full Disclosure Act. The developer of a large project is typically obligated to prepare and file an application for registration with the NJ Department of Community Affairs. That will …

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Coronavirus Addendum

In response to the COVID 19 pandemic, the New Jersey Association of Realtors has promulgatedan addendum regarding coronavirus which its members are now including in the preparationof contracts for the sale and purchase of real estate. The addendum begins by acknowledging that the pandemic has had unprecedented impacts on real estate transactions, including but not …

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