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New Jersey Lease Agreements Residential & Commercial PDF Free Download
New Jersey Lease Agreement
A New Jersey rental agreement allows a landlord and tenant to set terms for the renting of commercial or residential property.
In either type of property, the landlord will usually ask the tenant for their consent to run a credit report to verify their income and employment.
If approved, a lease will be negotiated and signed.
At the time of authorization, the tenant will commonly be responsible for the payment of the security deposit, the first month’s rent, and any other required fees or deposits by the landlord
STATE DISCLOSURES
Flood Zones (§ 46:8-50) – If the property is located in a flood zone, the landlord must inform the tenant of this hazard (see the Flood Zone Locator).
Lead-Based Paint – Federal regulation requires all landlords to inform their tenants of the possible existence of lead paint in all residences built prior to 1978.
Truth in Renting Act (§ 46:8-45) – This form must be included with the lease agreement if the property has more than two (2) units (none of which are occupied by the landlord).
Child-Protection Window Guards (§ 5:10-27.1(c)) – Landlords must provide a notice to tenants informing them that the owner is required to install and maintain window guards in any unit occupied by a child of age ten (10) or younger (applicable to multiple-unit dwellings only).
SECURITY DEPOSITS
Maximum (§ 46:8-21.2) – The tenant may not be charged more than one and a half (1.5) times the monthly rental amount for the initial deposit.
If the lessee remains on the property longer than a year, the landlord may not charge more than ten per cent (10%) of the monthly payment as an additional deposit.
Returning (§ 46:8-21.1) – The landlord must return the deposit to the tenant within thirty (30) days of lease termination.
LANDLORD’S ACCESS/ENTRY
The landlord must provide one (1) day’s notice before entering the premises for any non-emergency purpose (§ 5:10-5.1).
| Author | – |
| Language | English |
| No. of Pages | 12 |
| PDF Size | 3 MB |
| Category | Form |
| Source/Credits | eforms.com |
New Jersey Lease Agreements Residential & Commercial PDF Free Download