renting: Expanded Lead Paint Legislation Heading to NJ Governor - 12/15/07 02:48 AM
If you are a property owner and landlord renting single-family and two-family residential units, you will soon be subject to inspections for lead-based paint just as three-or-more-unit dwellings are currently required once the governor signs new legislation that was recently sent his way..."The New Jersey Senate and Assembly have approved legislation that will expand the scope of lead paint inspection requirements for multiple dwelling units to also include single-family and two-family rental dwelling units. The bill now heads to the Governor's desk.Currently, state law provides that multiple dwellings are inspected at least once every five years for lead paint hazards.According to … (0 comments)

renting: New Jersey "Truth in Renting" Guide Now Available Online - 11/09/07 05:33 PM
The ninth edition of the "Truth in Renting" guide is now available online for viewing and download (as a PDF file) through the Department of Community Affairs, Division of Codes and Standards (DCA/DCS) website. The guide, which is now obtainable at no cost, includes an outline of the various laws and responsibilities that apply to residential tenants and landlords in New Jersey. Landlords are responsible for disseminating the booklet to tenants upon entering into a lease.  The DCA/DCS  Bureau of Homeowner Protection's web page provides a Landlord-Tenant Information Service where, in addition to the "Truth in Renting" guide, landlords and tenants … (0 comments)

renting: Lead Paint Inspection Legislation Expanding In NJ - 01/20/07 01:04 AM
If you own residential rental property of any kind, you need to pay attention to impending legislation before the New Jersey assembly regarding lead paint inspections that can effect you...The Assembly Housing and Local Government Committee held a hearing on Thursday, January 18, 2007 concerning legislation that will expand the scope of lead paint inspection requirements from multiple dwelling units to also include single-family and two-family rental dwelling units.Currently, state law provides that multiple dwellings (3-or-more unit rentals) are inspected at least once every five years for lead paint hazards.According to the bill, A3263 - Payne (D29), the Department of Community Affairs will charge a … (0 comments)

renting: Agency Disclosure: Consumer Information Notices - 10/07/06 04:40 PM
One of the first requests that a consumer should expect to receive from a licensed real estate agent is a request to view and sign a Consumer Information Statement (also called a Consumer Notice, depending on state).State laws in the Delaware Valley (NJ, PA, DE and MD) require that all agents present a Consumer Information Statement (CIS) (or Consumer Notice) upon first contact with a real estate consumer.  The purpose is to inform and explain to the consumer about the different forms of agency relationship and what real estate office the agent is licensed under and representing.  The real estate codes/statutes … (0 comments)

 

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