New Jersey Property Transfer: What you need to know

Governing Law and Regulations

Industrial Site Recovery Act (ISRA), New Jersey Statutes Annotated (NJSA) 13:1K-6 to 13:1K-13

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ISRA regulations: New Jersey Administrative Code (NJAC) 7:26B-1.1 to 7:26B-8.1 and Appendices A to C

New Jersey Lender Liability Act, NJSA 58:10-23.11g to 58:10-23.11g9

ISRA compliance:

Notification to DEP: NJAC 7:26B-3.2

Remediation requirements: NJAC 7:26B-3.3

Voiding a sale: NJSA 13:1K-13

ISRA alternative compliance:

Certificate of limited conveyance: NJAC 7:26B-5.7

Remediation in progress waiver: NJAC 7:26B-5.4

Underground storage tanks (USTs): NJAC 7:26B-5.3

De Minimis quantity exemption: NJAC 7:26B-5.9

Regulatory Agency

New Jersey Department of Environmental Protection (DEP) Division of Remediation Management

See ADDRESSES & CONTACTS for addresses and telephone numbers.

See national section for basic information and federal regulations.

Comparison: State vs. Federal

Rules. New Jersey's property transfer law, the Industrial Site Recovery Act (ISRA), requires owners and operators of an industrial establishment to review the environmental condition of the property and develop a remedial action work plan as a condition to the business or property being closed, sold, or transferred. There are a variety of exemptions and waivers available under the ISRA requirements for property owners and operators.

The ISRA is one of the nation's most stringent property transfer laws, as it requires cleanup or remediation of hazardous waste before property transfer. The state has also adopted specific ISRA regulations under NJAC 7:26B-1.1 to 7:26B-8.4 and Appendices A to C.

Administration and enforcement. DEP's Division of Remediation Management administers and enforces the ISRA requirements.

State Requirements

ISRA ...

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More on this topic:

Governing Law and Regulations
Regulatory Agency
Comparison: State vs. Federal
State Requirements

State Requirements

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New Jersey Property Transfer Resources

Forms Well Disclosure Certificate

Property Transfer Products

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