On July 3, 2023, the New Jersey Legislature enacted a statute (Senate Bill 3110; P. L. 2023, c. 93) requiring sellers and landlords of commercial and residential property to provide notices of flood-prone areas to purchasers and tenants before the transaction becomes binding.
New NJ Statute Requires Notices of Flood-Prone Areas In Commercial Real Estate Transactions
On July 3, 2023, the New Jersey Legislature enacted a statute requiring sellers and landlords of commercial and residential property to provide notices of flood-prone areas to purchasers and tenants before the transaction becomes binding.
By
Gordon C. Duus
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