A New Jersey standard residential lease agreement is a fixed-term contract between a landlord renting their property and a tenant who shall occupy the space for housing purposes. The lease contains all terms and conditions affecting the tenancy for the entire period as well as the required disclosures required by New Jersey law (e.g., the Lead-Based Paint and Flood Zone disclosures). Each party should practice due diligence before entering any formal deal. The tenant, for instance, may visit the property and perform a walkthrough inspection of cosmetic and electrical defects. Similarly, the landlord can take steps to ensure their tenant is able to comfortably and responsibly assume rental costs for the whole leasing term. A landlord’s best option is often conducting a background check on potential renters, thus determining their eligibility.
Laws – Title 46 (Property)
Handbook – Tenants’ Rights in New Jersey; Truth in Renting
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