By Jamie Borodin Property management rentals can be a lucrative investment, but return on investment is put at risk when you rent to the wrong applicant – one that won’t pay the rent or who may pose a safety risk to you or the neighbors living around your property. Effective applicant screening is the key […]
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NEWS & VIEWS is our regular publication and a benefit of membership. Following are feature articles which are available free online. If you are seeking a past article, they are available for sale by contacting our office.
A Commercial Lease At The End Of The Term Becomes A Month to Month Lease Unless A New Lease Is Signed
By Johnathan Mehl, Esq. I have often been asked: what are the rights of a landlord and a tenant when a lease expires? People often say that there is no lease. However, this is not the case. The provisions of the last written lease control, and the tenancy is what is known as a holdover […]
Don’t Let Bed Bugs Bite Your Property
By Shannon Sked, Western Pest Services Property managers of multifamily communities across the country are always threatened by a variety of pest problems. One of the most significant (in terms of cost and difficulty to remediate) pest threats is bed bugs. Bed bugs rapidly resurged in the last decade; taking up residence in properties like […]
The Leasehold Survivorship Rights of a “Functional Co-Tenant”
By Thomas S. Garlick, Esq. of Ehrlich, Petriello, Gudin & Plaza, P.C. In certain circumstances, the survivor of a deceased tenant may be entitled to continue in occupancy of your apartment as a tenant, as well as to continued financial assistance under federal and state programs, such as Section 8. The New Jersey Supreme Court […]
A Sound Estate Plan
By: Michael Pine, Pine Innovative Planning We all have goals we want to meet during our lifetime. The education of our children, a comfortable and financially secure retirement, and perhaps a new home or a second home. The first step of estate planning is to help you plan for -and realize-these lifetime goals. It addresses […]
H.U.D. Issues a “Guidance” Related to Criminal Background Check
By: Christopher J. Hanlon, Esq. In yet another attempt to make law, outside of the context of what we all traditionally understand to be lawmaking (either through statutory amendment or the adoption of regulations after public comment) the Office of the General Counsel of the U.S. Department of Housing and Urban Development has issued another […]
The Apples to Apples of Insurance Coverage
You would think property insurance should be easily understood and not very complicated and all insurance companies that would insure the same type of property would be afford similar coverages maybe with some minor differences. If that’s what you think then you’re wrong. It’s rare that two insurance companies will provide identical or nearly identical […]
Is Your Tenant’s Dryer A Fire Hazard?
By: Bob Bellis , Dryer Vent Wizard of Central Jersey Without proper maintenance, the dryer vent is a potential home fire hazard—yet the majority of homeowners are unaware that the problem even exists. The result is venting systems that clog over time and become a growing fire hazard with each load of laundry. Clothes dryer […]
Code Upgrades-Are You Covered?
By: Larry Rosen, Rifkin & Rosen Ultimate Property Loss Consultants At almost every meeting, I get questions about code upgrades. Does my insurance policy include code upgrades? What are they? How are they determined? When is there coverage for them? How do I get paid for them? Do I still get paid for the work […]
Revised Accounting Methods For Eviction Complaints
By: Michael D. Mirne, Esq. Most American businesses keep track of their charges and receivables using a “first in, first out” method. The central principle of this method, referred to as “FIFO,” is to apply customers’ payments toward their earliest balances first, and then toward their later balances. New Jersey landlords had also accepted the […]
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