May 2020 Happenings
To say a lot has changed over the past couple of months would be a major understatement. Every one and every industry has been impacted in some significant way. There has been no shortage of questions and businesses, organizations and industry professionals have worked to share helpful information during this challenging time.
This month, firm principal, Ken Morgan, Esq., participated in a two-part webinar coordinated by the Jewish Federation of Southern New Jersey. He joined a number of peers to discuss and answer questions regarding real estate in this “new” normal world.
Managing Turbulent Times: Residential Real Estate SEE VIDEO »
Ken spoke about a number of the challenges facing buyers and sellers, including home inspections, back logs, financingand 30-day contract extensions for closing relating to COVID-19.
Managing Turbulent Times: Commercial Real Estate SEE VIDEO »
A few key matters Ken discussed included the DEP’s Records Office’s closure and related inability to complete environmental inspections, delays in obtaining Certificates of Occupancy and prevalent lease re-negotiations about rent deferrals and/or waivers between landlords and tenants as a result of “stay-at-home” orders.
What came out of both webinars was that many of the same issues faced in the residential market are also prevalent in today’s commercial real estate transactions. When asked for key tips to keep in mind, Ken’s advice is to be alert, flexible, patient and focus on your key relationships.