N.J. Admin. Code § 19:31C-1.8 - Withdrawal of proposal
(a) Prior to the
time for opening proposals, a potential lessee may, for any reason, request the
withdrawal of his or her proposal. The request shall be made in writing to
FMERA and shall be signed by a person authorized to submit the proposal (such
as the owner or owner's designated representative, or an attorney or real
estate broker with written permission to negotiate and act as attorney-in-fact
for owner). Proof of authorization shall accompany the request.
(b) After the opening of the proposals, if
either the potential lessee or FMERA discover a material error in a proposal,
the potential lessee may request the withdrawal of the proposal. If the error
is discovered by FMERA, the potential lessee will be notified in writing, and
the potential lessee will have five business days from receipt of the notice to
request withdrawal of the proposal. Any request to withdraw from the potential
lessee shall be addressed to FMERA, which will return the proposal if the
potential lessee can demonstrate that he or she exercised reasonable care in
preparing and submitting the proposal, and that it would be unconscionable for
FMERA to enforce the proposed lease agreement. The decision to grant or deny
any such request shall be at the sole discretion of the Director.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.