By Steven Buch Due to the Covid-19 pandemic, property owners and our diverse stakeholders– investors, banks, vendors, and, of course tenants are all profoundly impacted. I am a landlord, property manager, real estate broker and even an instructor for brokers and salespeople. Nothing prepared me for this unprecedented series of events. I, and all my […]
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With the enactment of the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” and the issuance of Executive Order No.106 by Governor Murphy, tenants are under the impression that they are no longer obligated to pay rent. They are wrong. For more information click here.
Millions of Americans have already suffered a loss of income as a result of the COVID-19 outbreak and will have trouble paying the rent and meeting other financial obligations. As you know, on March 22, NMHC released a voluntary set of recommended principles for apartment firms to support residents impacted by COVID-19. They include: (1) […]
Please see this latest contribution from POA member Brach Eichler on the current situation for owners here.
Like you, we’re closely monitoring the quickly developing effects of the Coronavirus (COVID-19) pandemic. We have received several calls from members concerned about the effects of the moratorium on evictions. We understand your concern and we are here for you during this challenging time. As resources become available and new information is released we will […]
By Jonathan R. Mehl, Esq. The question at times arises as to when a Landlord’s faces a responsibility for the criminal acts of third parties. This issue was again ruled on by the Appellate Division of the Superior Court of New Jersey in the tragic circumstances in the case of Pitts v. Gianini v. Brady, […]
By Thomas J. Major On November 5, 2019, voters in Jersey City, NJ approved expansive regulations on “short term rentals” commonly listed on Airbnb, VRBO and similar sites. These regulations (codified in Chapter 255 of the Jersey City Municipal Code) permit short rentals only in limited circumstances. Ordinance 19-077 promises to have wide-spread effects on […]
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