Residential and Commercial Real Estate
Our real estate practice encompasses the development, acquisition, disposition, leasing, financing, and construction of commercial and residential real estate; foreclosures; and development of housing projects. We also handle all types of real estate litigation. While our attorneys ensure that all work is completed to structure and close transactions, we also help clients identify and develop business opportunities. Through close working relationships, we strive to assist clients in meeting their goals and objectives beyond a single transaction.
Our practice includes the following:
Planned Real Estate Development
Our engagements in this area begin with our involvement at the early stages of residential multifamily complexes, single-family residential subdivisions, condominium developments, and condominium conversions. We establish these developments to afford ownership of the homes under a condominium, cooperative, or homeowner association. Our representation includes the developer/sponsor of common interest communities such as residential condominiums and fee-simple subdivided lot communities governed by an association. In addition, we provide counsel to sponsors of residential conversion properties. Our attorneys are experienced in project registration with the New Jersey Department of Community Affairs on behalf of developers and sponsors. In addition, our attorneys routinely handle regulatory issues arising within the jurisdiction of the New Jersey Department of Community Affairs. These matters include public disclosure compliance, conversion and eviction laws, builder registration and new home warranty issues, community association regulations, and building or housing code violations.
Real Estate Leasing
Our attorneys are experienced in representing landlords and tenants in a variety of leasing transactions, including build-to-suit leases, turnkey leases, tenant improvement allowance leases, subleases, office leases, retail leases, warehouse, and industrial leases, and residential leases. Leases carry a variety of business and legal risks. Many lease and sublease transactions require an assessment and allocation of costs, benefits, and risks. We understand the need to negotiate and document the transaction quickly while minimizing our client’s legal and business risks. We counsel both landlords and tenants on the practical risk allocation, contracting scheme, and organization of a project team.
Condominiums and Cooperatives
JMS attorneys have extensive experience representing condominiums, co-ops, homeowner’s associations, individual owners, and owner’s groups in a wide variety of legal actions. JMS lawyers have successfully arbitrated and litigated many cases on behalf of associations, individual condominium owners, and homeowners.
Some of the community association services we routinely provide include the following:
Residential Real Estate
JMS handles every aspect of real estate transactions, including the review, negotiation, and drafting of contracts and loan documents. JMS attorneys closely guide individuals from contract to closing, utilizing their broad experience to protect the client’s interests. We resolve inspection and title concerns prior to closing, and carefully review and finalize documentation necessary to complete the transaction. We understand the importance of personal communication and are committed to educating and keeping clients informed throughout the process.