Goodbye to ISRA Letters of Non-Applicability: What are the Impacts to the NJ Real Estate Community?

June 13, 2008
Michael Gross
Mid Atlantic Real Estate Journal

In late April, the NJ Department of Environmental Protection (NJDEP) significantly altered the framework for commercial real estate deals in New Jersey in announcing it would no longer issue applicability determinations (commonly referred to as letters of non-applicability or LNA's) with respect to the Industrial Site Recovery Act (ISRA). This decision, effective April 30, 2008, could have far-reaching implications on all commercial property transactions in NJ.

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