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New Jersey’s Affidavit of Merit Statute (NJ Rev Stat § 2A:53A-27 (2013)) was signed into law in 1995.The statute states that if a person sues for injury, death, or property damage because of a professional's mistake or carelessness, they must provide a special letter from an expert within 60 days after the other side responds to their lawsuit. [1]
New Jersey sellers and landlords are now required to explicitly disclose the flood dangers a property might have to prospective buyers and tenants. ... March 21, 2024 at 9:18 AM.
The 221st New Jersey Legislature began on January 9, 2024, following the 2023 elections for Assembly and Senate. It will end January 13, 2026. It will end January 13, 2026. This will be the first session of the state legislature where legislators will represent districts in the new legislative map that will be used until the 2031 election cycle.
Affidavit of title: A written statement that sellers make under oath certifying that they are in possession of the property, and that since the examination of the title on the date of the ...
Consideration is the price one pays for another's promise. It can take a number of forms: money, property, a promise, the doing of an act, or even refraining from doing an act. In broad terms, if one agrees to do something he was not otherwise legally obligated to do, it may be said that he has given consideration.
The closing is the event in which the money (or other consideration) for the real estate is paid for and title (ownership) of the real estate is conveyed from the seller(s) to the buyer(s). The conveyance is done by the seller(s) signing a deed for buyer(s) or their attorneys or other agents to record the transfer of ownership.