Paterson Real Estate Lawyers

Find the right Real Estate attorney in Paterson, NJ

Real Estate Law in New Jersey

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

The law governing real estate in Paterson 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 crucial that you learn at least the basics of real estate law in Paterson.

Having at least some knowledge of real estate law will be to your advantage in essentially 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.

Common Real Estate Law Issues in Paterson

Financing: Most individuals, families, and small businesses in Paterson cannot afford to buy a large piece of real estate with the money they have on hand. However, they usually 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 laws dictate what types of buildings can go on given pieces of property. These laws are usually designed to ensure that residential areas are as clean and as quiet as possible, thereby preserving property values. They accomplish this by ensuring that other uses that might be inappropriate in a residential area, such as heavy industry, are in different parts of town. This also ensures that industries will be able to go about their business without constant complaints from their neighbors.

Duty to Disclose: sellers of real estate, especially houses and other residential property, are legally bound to tell the buyer about any defects in the property that the seller knows about, and that the buyer couldn't easily discover on his own (mold or termite problems are prevalent examples). If the seller fails to make such disclosures, he or she could be liable for any harm the defect causes to the buyer, as well as the cost of repairing it. If the seller intentionally conceals or lies about the defect, he or she might also face punitive damages.

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

Can a Paterson Real Estate Lawyer Help?

These issues, along with many others, can sometimes be fairly intricate. Therefore, you should never hesitate to consult with a Paterson real estate attorney if you have any questions.

Talk to a Real Estate Law Attorney now!

Life in Paterson

Paterson, New Jersey is the county seat of Passaic County. It has a population of about 147,000 people, making it the third largest city in New Jersey.

Paterson, NJ became known as the "silk city" in the late 19th Century, due to its dominance in the silk-production industry. Paterson, NJ became a major center for other industries in the 20th century, thanks in large part to the presence of the Great Falls, a large waterfall on the Passaic River, which provided much of the energy needed for factories and other heavy industries in Paterson, NJ.

Modernly, Great Falls, NJ is part of an Urban Enterprise Zone, which is a designation under New Jersey Law that stimulates economic growth in areas where it's needed, through reduced sales tax, a fast-track process for obtaining business licenses, and financial incentives, such as tax credits, for businesses that hire new workers. Many Paterson, NJ lawyers were involved in drafting these rules, as well as getting portions of Paterson, NJ designated as such.

Paterson is known for being the residence of Paterson, NJ lawyer Edward Masry, who led the lawsuit against PGE, which was dramatized in the film "Erin Brockovich."

There are many other Paterson, NJ lawyers who can help you with whatever legal issue you may be facing. If you believe that you might need legal representation, there's a very good chance that a Paterson, NJ lawyer can help you.

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