1/25/18-Revised Statewide NJ Realtors® Standard Form of Real Estate Sales Contract, Form 118 now available. Updates include;
Section 21. Bulk Sales (new language highlighted)
- Line 463/464- New language, “The Law does not apply to the sale of a simple dwelling house, or the sale or lease of a seasonal rental property, if Seller is an individual, estate or trust, or any combination thereof, owning the simple dwelling house or seasonal rental property as joint tenants, tenants in common or tenancy by the entirety.”
- The date on the bottom of all pages is now 1/18.
