Nehmad Perillo & Davis remains on the cutting edge of legal news, recently released court opinions, legislative news and upcoming events which affect the business and real estate sectors of New Jersey.  Our blog chronicles emerging issues that affect your company and livelihood, from estate planning and tax appeals to real estate development and corporate organizations.  We also focus on your individual legal needs with updates on education law affecting your children and grandchildren and estate planning updates to assist you in protecting your assets for future generations.  Check back often or follow us on twitter for legal updates.

DCA Re-Adopts Rooming & Boarding House Rules Without Amendment

On September 5th, the New Jersey Department of Community Affairs ("DCA") decided to re-adopt its existing rules regarding rooming and boarding houses without any amendment. The DCA previously had published a notice of rule making proposing new rules governing cooperative sober living residences. However, none of those proposed rules went into effect. Thus, the status quo remains regarding the existing rules governing rooming and boarding houses.

Nehmad prevails in court for Ocean City hotel developer

In a decision concerning arbitrary decision-making and the relevancy of the condominium form of ownership in the context of a hotel development, NPD Partner Stephen Nehmad recently prevailed in litigation on behalf of the developer of a hotel resort in Ocean City, New Jersey.

Buyer Beware: Tidelands Claims Can Affect Shore Purchases

Homes are bought and sold all the time in Stone Harbor, Avalon, Sea Isle and other coastal communities. But what should be a simple sale of real estate can quickly become complicated, frustrating and expensive if the property is affected by a tidelands claim.

Real Estate Development Financing Available Through NJEDA

If you are a for-profit or non-profit developer or business seeking to advance a real estate development project in New Jersey, you may be eligible for up to $3 million in financing through the New Jersey Economic Development Authority (NJEDA). The NJEDA has created the Real Estate Impact Fund to support and foster redevelopment in strategic urban and other significant locations in New Jersey that would not otherwise occur in the near term, and to strengthen existing and catalyze future development opportunities and private investment.

New Jersey Estate Tax-Soon to be a Thing of the Past

For years New Jersey has been an unfriendly place to die, given the fact that it imposes both a Transfer Inheritance Tax and an Estate Tax, or both, on some estates. New Jersey’s Estate Tax is currently imposed upon all estates exceeding $675,000. However, on October 14, 2016 Governor Christie signed a new law that increases the Estate Tax threshold from $675,000 to $2,000,000 starting January 1, 2017. One year later as of January 1, 2018, the New Jersey Estate Tax will be repealed completely. This should be a welcome relief and give New Jersey residents less of a reason to leave the Garden State to seek domiciles in other states.