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2024

03/2024 - Revisions to Form 125: Residential Lease

Section 20(B) Flood: requirement to provide Flood Risk Notice has been changed to "if applicable".

The date on the bottom of the form is 03/2024.

03/2024 - Revisions to Landlord's Notice to Tenant Regarding Flood Risk

Reference to N.J.S.A. 46:8-50(g) has been added.

The date on the bottom of the form is 03/2024.

02/2024 - Revisions to Form 118: Contract of Sale

The New Jersey law on flood risk notification, P.L. 2023, c.93, which takes effect March 20, 2024, requires sellers of real property to make certain disclosures concerning flood history and potential flood risk. NJ REALTORS® Form #118 has been updated in Section 16. Inspection Contingency Clause to include new subsection (F) Flood Risks.

The date on the bottom of the form is 02/2024.

02/2024 - Revisions to Form 125: Residential Lease & *NEW* Landlord's Notice to Tenant Regarding Flood Risk

The New Jersey law on flood risk notification, P.L. 2023, c.93, which takes effect March 20, 2024, requires certain landlords of real property to make certain disclosures concerning known and potential flood risks. NJ REALTORS® Form #125 has been updated under Section 20. Insurance to include new subsection (B) Flood.

Pursuant to the new law, there is also a new mandatory notice with the Lease, "LANDLORD'S NOTICE TO TENANT REGARDING FLOOD RISK".

The date on the bottom of revised Form #125 and the notice is 02/2024.

02/2024 - Revisions to Form 140: Seller Property Condition Disclosure Statement

Solar Panel Systems

  • The revisions include updates to the Solar Panel System Section, new questions 109a. and 109b.

*NEW SECTION* Flood Risk

  • The New Jersey law on flood risk notification, P.L. 2023, c.93, which takes effect March 20, 2024, requires sellers of real property to make certain disclosures concerning flood history and potential flood risk on the Seller's Property Condition Disclosure Statement. Based on the new law, the New Jersey Division of Consumer Affairs has updated the Seller's Property Condition Disclosure Statement to include new questions concerning flood risks required by law. NJ REALTORS® Form #140 has been updated with a new Flood Risk section on page 8, to comply with the law.

The date on the bottom of the form is 02/2024.

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FAQs

Why is NJ REALTORS® switching forms platform vendors?

We strive to provide the best programs and services for our members. At the 2015 National Association of Realtors® Annual Convention, NAR leadership announced an exciting new partnership with zipForm, a company that is REALTOR® owned, to offer their forms platform as a free member benefit to all 1.1 million NAR members.

How does this affect me?
What features/upgrades are included in this offering?

Below are features included free for all New Jersey REALTORS® members:

  • zipForm Plus - Online Forms Platform
  • zipForm Digital Ink - Unlimited E-Signatures
  • zipTMS - Transaction Management System

And for brokers:
  • zipForm Plus Broker Team - Brokerage Management Features (coming soon)

How do I access the new platform?
What if I paid for an upgrade to FormSimplicity?
What are the software requirements?