Jersey City Real Estate Lawyers

Jersey City Real Estate Lawyers, NJ

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Real Estate Law in New Jersey

Jersey City's real estate industry is controlled by a huge body of laws. This is because almost any real estate transaction invokes laws regarding civil rights, consumer protection, land use, and contracts.

The law controlling real estate in Jersey City can get pretty complicated, especially when things such as mortgages, disputes about construction defects, and conflicts over title are involved.

Thus, if you're planning on engaging in any kind of real estate transaction, it's necessary that you learn at least the basics of real estate law in Jersey City.

Having at least some knowledge of real estate law will be to your advantage in basically any real estate transaction. Knowing the law can give you a bargaining advantage and prevent you from being saddled with obligations that you don't have to assume.

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Common Real Estate Law Issues in Jersey City

Financing: Most persons, families, and small businesses in Jersey City cannot afford to buy a large piece of real estate with the money they have on hand. However, they generally can afford to pay for it over a long period of time, in installments, with interest. Consequently, most real estate is purchased using a mortgage - a loan for a specific purchase, using the item purchased as collateral.

Zoning: Zoning regulations control what types of structures are allowed on various parcels, based on their location in a municipality. For example, some areas in a city might be zoned only for residential use. Another area might permit industrial use. These rules are meant to keep property values up, and promote harmony among neighbors by preventing conflicts.

Duty to Disclose: If you're buying a house in Jersey City, you have specific legal protections. The seller has a duty to tell the buyer about any defects that the property has. All defects which the seller knows about, and which the buyer can't be expected to discover through an ordinary inspection, must be disclosed. If the seller fails to disclose a defect, and the buyer later discovers it, the seller can be sued for any diminution in the property's value caused by the defect, the cost of repairing it, and any injuries the buyers suffers as a result.

Implied Warranties: Every lease of a residential unit in Jersey City carries with it an implicit promise by the owner that the unit will meet some basic minimum requirements for human habitability. There are many factors that go into deciding if a unit is "habitable," but there are a few essentials, and they include running water, heat, electricity, and adequate shelter from the elements.

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Can a Jersey City Real Estate Lawyer Help?

Because the issues discussed above can get complicated for laypersons, if you have a real estate issue, such as an eviction, or a construction dispute, you should not hesitate to contact a Jersey City real estate attorney ASAP.

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Life in Jersey City

Jersey City is a place rich in culture, with something for everyone in the family to enjoy.  Located between the Hudson River and Upper New York Bay, Jersey City is situated right across from Lower Manhattan.  Although Manhattan is known for wonderful attractions and high tourism, Jersey City is filled with historic neighborhoods, museums, shopping malls, and beautiful city parks.  

For all those history-lovers out there, you can book a cruise to Ellis Island, visit Harsimus Cemetery, or tour the Underground Railroad and experience the footsteps of many escaped slaves. If shopping is your forte, visitors can shop till they drop!  Jersey City is home to ten major shopping districts filled with large department stores, contemporary boutiques, and specialty stores.  For those who love museums, Jersey City has many museums that highlight the city's history and art.  However if visitors would just like to relax and soak in the beauty, Jersey City has many beautiful city parks.  Two of the most famous parks are Liberty State Park and Leonard Gordon Park.  

Alongside the beautiful parks is the city's beautiful waterfront port of entry.  The waterfront port runs about 11 miles long and truly is a site not to miss!  Many major corporations and industries have found a home along this beautiful waterfront.  In fact, the Goldman Sachs building stands at 238 meters and is one of the 200 tallest buildings in the world.  Goldman Sachs is not the only Fortune 500 Company to be located in Jersey City.  Major corporations such as Chase Manhattan Bank, Charles Schwab, and Merill Lynch have also found a home in Jersey City.  

To top it off, Jersey City has one of the most diverse populations in the United States.  Known as a "Tapestry of Nations," the city is home to Jewish, Italian, Cuban, Filipino, Polish, Indian, Irish, Puerto Rican, Dominican, African, Arab, and Asian communities.  Therefore, visitors will be introduced to many cultures and ethnicities when visiting this wonderful place.  Such a population, rich with many ethnicities and cultures, is also rich with a variety of different professionals.  There are many attorneys who practice in all areas of law in Jersey City.  Not only are many major law firms located in Jersey City, but the city also has a number of small to medium sized law firms.  Undoubtedly, any legal issue that you have can be resolved by the many competent attorneys who call Jersey City their home.

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