Month To Month Lease Agreement In Nj

Thirty (30) days. The lessor and tenant must terminate a contract of one month to one month at least one month prior to the termination of the lease (NJ Rev Stat No. 2A:18-56). Quite simply, under New Jersey law, most tenants have a current right to continue renting a property until there is a “good reason” to terminate the lease. These “good reasons” for eviction are indicated in N.J.S.A. 2A:18-16.1 and of course include non-payment of rents, among other things, by common sense. B, such as failure to comply with material rental conditions or the consequence of excessive damage to the dwelling after a correct announcement. In the absence of such a legal reason, the lease must be renewed in accordance with its terms and conditions. And if the lease has no terms of renewal, the lease is converted into a monthly lease, all other conditions remain fully in effect and remain effective. N.J.S.A. 46:8-10.

The tenancy agreement and the tenant`s right to remain in possession remain indefinitely until the lessor has “good reasons” to terminate. New Jersey law has detailed procedures for reasonable changes to the terms of renewal of leases, but these procedures do not permit the termination of the lease without justifiable reason. N.J.S.A. 61.1 (i). A month-to-month lease in New Jersey is a type of lease that does not end unless the landlord or tenant has a 30-day period. This is a common practice for short-term tenants or landlords who want to sell or build on the land in the near future. Nevertheless, it is strongly recommended that a lessor check a potential tenant`s credit before signing a contract. The month-to-month lease in New Jersey establishes the lease of a rental property with no deadline.

A variant of a standard lease, the monthly contract is structurally similar, only in sections of the distinction in relation to duration. Among the benefits of monthly rent (for landlords) include: 1) it is more cost effective than standard rental (higher rent can be charged), 2) the quality of the property can be better maintained (allows landlords to check them systematically between new tenants), and 3) tenants can be evacuated at any time for any reason , with a termination of only one (1) month. Owners of rental properties that list the house for sale often want the house to be empty. Buyers of rental properties often want the tenant to go through the closure. This scenario is used by N.J.S.A. 2A:18-61.1 (l) (3) which allows the owner of a residence of 3 or less units to terminate a tenant`s lease if the landlord wishes to personally occupy the unit or if the landlord is mandated to sell the unit to a buyer who wishes to personally occupy the unit, and the sale contract requires that the unit be in place at the time of closure. However, the termination of a lease for this “good cause” requires that the term of the lease expire (for example. B that it expires or is months to month) and requires that the tenant be informed in writing, at least two full months in advance, that the lease ceases and that the tenant must be evacuated. N.J.S.A. 2A:18-61.2.

In this case, the owner or new purchaser must personally occupy the premises for at least six months, or the landlord is liable to the former tenant for three times the damages incurred, plus the tenant`s legal and legal costs. N.J.S.A. 2A:18-61.6 (b). Such rental sales of real estate have risks and complexity and must be properly navigated.