Norris McLaughlin & Marcus, P.A.

Blogs > NJ Real Estate Dispute

Rental Real Estate

Oct 13, 2017

Time to Change The Locks

Many times, a commercial landlord really does not want to evict a non-paying tenant – particularly in those instances where the landlord is trying to keep up appearances at a center – but is left with little choice when a tenant falls so far behind in rent that the landlord is compelled to sue for possession.

In New Jersey, the eviction process is streamlined and allows a commercial landlord to swiftly regain possession of its property when the tenant has failed to pay rent.» Read More

Apr 19, 2017

Why Passive Activity Rules are Still Important When Selling Rental Real Estate

Since the inauguration, it appeared that the Net Investment Income Tax (NIIT), otherwise known as the 3.8% Medicare Surtax, which passed as part of the Affordable Care Act, was going to disappear.   However, with the gridlock in Congress and the failure to repeal and replace Obamacare, it now seems that the NIIT is here to stay, at least for now.

Given the failure to repeal and replace, it is still relevant to consider passive activity rules in connection with the NIIT.   » Read More

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