New Jersey Rental Agreement Templates
The New Jersey rental agreements are contracts between the landlord or owner of real property and a tenant who wants to use it in exchange for regular rent payments. These documents lay out the terms of the rental, but they are governed by New Jersey’s landlord-tenant laws.
New Jersey Residential Lease Agreement
The New Jersey residential lease agreement (“rental agreement”) is a written contract for the exchange of the temporary use of a residential property for regular, periodic payments (“rent”). The parties involved in the agreement are known as the landlord (“lessor”) and the tenant (“lessee”).
New Jersey Month-to-Month Rental Agreement
A New Jersey month-to-month rental agreement, or ‘tenancy-at-will’, is a residential lease with no end date. Instead, both parties have the option to terminate the agreement by giving the other 30 days’ notice as required by the New Jersey Revised Statutes (§ 2A:18-56). Otherwise, the agreement is the same like any other lease and must follow all State laws.
New Jersey Rental Application Form
The New Jersey rental application form is a document that the landlord can use to screen potential tenants to rent a property. It allows the landlord to gain access to credit, criminal, and other background information. This form is submitted prior to the creation of the lease.
New Jersey Roommate Agreement
A New Jersey roommate agreement acts as a written guideline to a living arrangement, agreed to by roommates, regarding a rental property. In this case, the landlord will be left out of any obligations or responsibilities to anyone but the master tenant(s) with whom they’ve entered into a lease agreement. Therefore, the roommate agreement need only be signed by the master tenant and all roommates once the individual articles of information have been entered accordingly.
Since this contract form is focused on the living arrangements between roommates, there will several areas that will aid these individual(s) in defining an organized agreement. For instance, this form will provide an area to name an individual portion of the utility bill to each person. This enables the roommates to adjust their agreement according to what everyone would consider fair.
New Jersey Commercial Lease Agreement
A New Jersey commercial lease agreement is a legal form that details an arrangement between a landlord of commercial real estate and a business entity operating within its premises. It lists the cost of rent, the type of arrangement (Triple Net, Gross, or Modified Gross), the length of the term, and all other provisions which will dictate the nature of the relationship between the two parties for the duration of the effectiveness of the agreement. Landlords are encouraged to screen their tenants extensively as the length of the term for commercial lease agreements and the initial investment on the landlord’s part is generally considerably greater than one could expect of a residential lease.
New Jersey Disclosures
Flood Zone (§ 46:8-50) – If the landlord’s property is located in a flood zone, it must be stated to the tenant. An owner may find out if the real estate is located in such a zone by using the Flood Zone Lookup Tool provided by FEMA. This applies to landlords of residential and commercial property other than dwelling units in a property containing not more than two (2) such units, or in an owner-occupied property of not more than three (3) dwelling units.
Lead-Based Paint Disclosure – Federal law that makes all property owners of units built before 1978 to inform their tenants of the presence of this type of dangerous paint.
Truth in Renting Act (§ 46:8-45) – The landlord must provide this statement to all tenants except for those in residential dwellings of two (2) or fewer units and three (3) or fewer units if the lessor occupies a unit within 30 days of lease signing.
New Jersey Security Deposits
Maximum (§ 46:8-21.2) – Landlord may not charge more than one and a half (1.5) months’ rent for the initial deposit. If the tenant remains on the property for more than one (1) year the landlord may not request more than an additional ten percent (10%) of the monthly amount.
Returning (§ 46:8-21.1) – Landlord must return any and all funds related to the deposit within thirty (30) days of the termination date.