What does it mean to be declared just by faith?

Being declared just by faith means God reckons the old sin nature dead and gone, wiping the slate clean. The believer is declared just as if he had never sinned, not because of personal behavior, but because justification by faith brings peace with God through the Lord Jesus Christ.

Les teaches that Romans 5:1 says, "therefore being justified by faith." He explains that this puts the believer back like Adam was before the fall: God has reckoned the old sin nature dead and gone, and we are now declared just as if we had never sinned. Since the slate has been wiped clean, we have peace with God through our Lord Jesus Christ. The unbeliever has never experienced this peace and can have no peace, but the justified believer need not live in constant turmoil, fearing God will zap, disown, or cast him out. Justification brings peace with God, so we are no longer an enemy; we are His and can enjoy His fellowship moment by moment, regardless of how well we have been able to behave.

Romans 5:1

Therefore being justified by faith, we have peace with God through our Lord Jesus Christ:

What does Romans 5:1 say we have because we are justified by faith?

Romans 5:1 declares that, having been justified by faith, we have peace with God. In the transcript, Paul is said to use 'therefore' in Romans 5:1, where being justified by faith, we have that peace with God. The context connects this statement to Romans 5:1 and emphasizes that justification by faith brings peace with God.