State-mandated closures and other governmental regulations issued to mitigate the spread of COVID-19 are drastically impacting the real estate world. Day Pitney continues to evaluate the rapidly changing legal landscape in order to provide the most up-to-date information together with practical business counsel to our clients, advisors and partners.
These are truly unprecedented times, resulting in novel questions for all parties involved as they try to understand their respective rights and obligations. All parties will need to work collaboratively to come up with reasonable and practical solutions under their particular circumstances to provide what will ideally be short-term relief to preserve long-term objectives.
On August 31, Florida Gov. Ron DeSantis issued executive order 20-211 further suspending foreclosures and residential evictions until October 1, 2020. The executive order extended executive order 20-180 until October 1, 2020. Executive order 20-180 solely relates to non-payment by the mortgagor or tenant. Executive order 20-211 also tolls the applicable statute of limitations until October 1, 2020. Executive order 20-180 previously amended the prior related orders by limiting to single family mortgagors and residential tenants adversely affected by the COVID-19 emergency, specifically pertaining to final action in an applicable foreclosure or eviction. Further details of the applicable orders can be found here: initial order 20-94, first extension order 20-121, second extension order 20-137, third extension order 20-159, fourth limited extension and amendment order 20-180, and fifth limited extension order 20-211.
Please stay safe and healthy. We all look forward to getting back to "business as usual" as soon as possible. In the meantime, Day Pitney is here to help you navigate these extraordinary circumstances.
For more Day Pitney alerts and articles related to the impact of COVID-19, as well as information from other reliable sources, please visit our COVID-19 Resource Center.
COVID-19 DISCLAIMER: As you are aware, as a result of the COVID-19 pandemic, things are changing quickly and the effect, enforceability and interpretation of laws may be affected by future events. The material set forth in this document is not an unequivocal statement of law, but instead represents our best interpretation of where things stand as of the date of first publication. We have not attempted to address the potential impacts of all local, state and federal orders that may have been issued in response to the COVID-19 pandemic.
Day Pitney Alert
On September 14, Patricia "Paty" Jimenez served as a panelist for the session, "Ethical Issues That Can Arise in Commercial Real Estate Transactions," at the Connecticut Bar Association's Virtual Connecticut Legal Conference.
Day Pitney Alert
Day Pitney Advisory
Day Pitney Press Release
Katharine Coffey and Christopher Stracco, both partners at Day Pitney, were quoted by Law360 in the article, "Virus Creates Opening For Office Market In NJ Suburbs."
April Condon has been elected to a three-year term as Vice Chairwoman of the Stamford Partnership, a nonprofit that focuses on improving the city's business climate and public services.
On July 15, the New Jersey Supreme Court issued its much awaited decision in Christian Mission John 3:16 v. Passaic City. The court granted certification on an appeal from the Appellate Division, which affirmed a decision of the Tax Court rejecting a property tax exemption for a church in the City of Passaic.
Craig Gianetti, a partner in Day Pitney's Real Estate & Land Use group, has been elected to serve as Chair of the Land Use Law Section of the New Jersey State Bar Association (NJSBA).