Michael Leon

Nov 7, 2024 | mondaq.com | Carmen Andrade |Michael Leon

The New Jersey Construction Lien Law codified at N.J.S.A. 2A:44A-1et seq. (CLL) provides a mechanism for contractors, subcontractors, architects, engineers, and suppliers (collectively, Contractors) to protect themselves if they have not been paid for their work, services, and/or materials. A construction lien is an essential tool that can be used by Contractors to increase the likelihood that they will be compensated for their work, services, and/or materials when a client fails to pay them.

Nov 5, 2024 | mondaq.com | Carmen Andrade |Michael Leon

Under the New Jersey Newly Constructed Multiple Dwellings Law (NJNCMDL), residential properties built after June 25, 1987, may be exempt from local rent control and rent leveling ordinances for up to 30 years or the duration of the initial mortgage's amortization period, whichever is shorter. See N.J.S.A. § 2A:42-84.2. The NJNCML encourages the construction of multiple dwellings in the state by exempting newly-built properties from rent control, rent leveling, and rent stabilization laws.