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Flood Disclosure Requirements - Wolf Commercial Real Estate
On July 3, 2023, Governor Phil Murphy signed the Flood Risk Notification Law (the “Flood Disclosure Law”) in order to protect purchasers and tenants from the potential flood risks increasing due to the impact of climate change. The Flood Disclosure Law requires that, as of March 20, 2024, commercial and residential property owners in New Jersey disclose certain flood risk information to potential buyers and tenants. Failure to do so can result i…
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Flood Disclosure Requirements - Wolf Commercial Real Estate
On July 3, 2023, Governor Phil Murphy signed the Flood Risk Notification Law (the “Flood Disclosure Law”) in order to protect purchasers and tenants from the potential flood risks increasing due to the impact of climate change. The Flood Disclosure Law requires that, as of March 20, 2024, commercial and residential property owners in New Jersey disclose certain flood risk information to potential buyers and tenants. Failure to do so can result i…
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