Norris McLaughlin & Marcus, P.A.

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Nov 03, 2010

Proposed Bill Seeks to Help Finance Site Remediation

The Assembly has passed a bill (A-3167/Coughlin) that would authorize the NJ EDA to provide a no-interest loan to a municipality, county or redevelopment entity for up to 25 percent of the cost of a remedial action in a Brownfield development area. “In the current economic environment, with towns everywhere hurting for revenue and credit all but frozen, this is not just a much-needed environmental measure, it’s an economic stimulus measure,” said Coughlin (D-Middlesex) whose 19th legislative district includes four sites totaling nearly 1,000 acres that would qualify for funding under this bill.» Read More

Aug 09, 2010

What To Do With a Non-Paying Commercial Tenant

Anyone who owns rental property in New Jersey knows that this State is pro-tenant – at least with respect to residential tenancies. Commercial tenants, however, are not accorded the same “protective” approach most tenancy courts in New Jersey take toward residential tenants. For starters, unlike residential tenants, commercial tenants are obligated to leave the premises once their lease expires, unless the parties agree upon a new term, or an extension of the old term.» Read More

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