The PPA applies to contracts for above and below ground “improvements” to real property and structures. The law defines the term “structure” to mean any part of a building and other improvements to real property. The law defines the term “impr...
Read More
How delayed exchanges work As shown, in a “delayed exchange”, a Qualified Intermediary (“QI”) holds the net proceeds from the sale of the relinquished property and releases those funds to complete the purchase of the replacement properties. To com...
Read More
Conversely, an Impact Claim is a device not necessarily provided for in a contract but can be utilized by contractors on almost any type of construction project, from modest residential renovations to multi-million dollar commercial developments involving...
Read More
When the Corporate Dissolution is Effective in NJ A dissolution shall be considered filed and effective as of the date the Division of Revenue receives the properly completed and executed Articles of Dissolution, payment of all fees, and a Notice of Tax C...
Read More
The Benefits and Potential Pitfalls of Entering into “Requirements” Contracts How NJ Contractors can Benefit from Requirements Contracts For the Contractor, a “requirements” contract can result in high volume work which permits its operatio...
Read More
Introduction Capital gains tax (“CGT”), loosely defined, is a tax imposed upon profits realized from the sale of investment real estate, i.e., the difference between the amount the taxpayer sold investment property and the lower amount at which tha...
Read More
Whether you or your company operates as a general contractor or a specialty trade contractor in New Jersey, the New Jersey Construction Lien Law provides contractors with the ability to file a lien against privately held real property upon which they have...
Read More
© 2022 Rea & Associates - All rights reserved
NJ Web Design by Ascent Digital Media | Attorney Advertising