Skip to main content

New Jersey Landlord Tenant Leases

New Tenant, but same old lease?

You need an attorney.

Not all lease agreements are created equal. In drafting the lease, the landlord needs to look beyond the standard clauses of amount of rent owed, date it is due and the term of the lease. It is crucial that each lease is individually drafted for that individual tenant as each tenant can create their own individual set of future problems. Failure to consider this and use a template lease for all new tenants will result in future problems when it is time to evict the tenant and/or collect rent that is owed.


'Landlord should look into the tenant’s rental history, income, as well as family resources when determining what terms need to go into the tenant’s rental agreement. Not every tenant that qualifies financially is a necessarily a good tenant to have. In fact, some tenants winding up costing the landlord both financially and emotionally. 

These are the type of pitfall that can easily be avoided by using an experienced landlord-tenant attorney to help you draft your lease. 

Contact our New Jersey Landlord Tenant Attorneys at 201-880-5563 to see how can help you save time, money and protect your investment and property.  

Comments

Popular posts from this blog

NEW JERSEY EQUITABLE DISTRIBUTION

New Jersey is an Equitable Distribution State. This means that marital assets will be divided in a manner that is considered fair but not necessarily equal for the parties. Below we have developed an outline to give a general overview on Equitable Distribution in New Jersey. Equitable Distribution in New Jersey an Outline Overview. I.         Assets subject to Equitable Distribution a.         Assets that are Acquired During the Marriage b.       Assets acquired in contemplation of marriage II.       Assets Immune by Statute a.        Premarital – except the increase in active assets value due to efforts of non-owner. b.       Inheritances c.         Gifts from third parties III.     Specific Assets: Subject to Equitable Distribution a.  ...

RIGHTS AND RESPONSIBILITIES OF ROOMMATES IN NEW JERSEY

Renting an Apartment With Roommates When two or more people sign the same rental agreement or lease, they are co-tenants and share the same legal rights and responsibilities. The problem with this situation is that one roommate's bad behavior affect them all.  Cotenants may decide to split the rent equally or unequally between themselves. However, this agreements amongst roommates don't affect the landlord. Each cotenant is independently liable to the landlord for all of the rent. Landlords often remind cotenants of this obligation by inserting into the lease a that says that the tenants are "jointly and severally" liable for paying rent and adhering to terms of the agreement. A landlord can legally hold all cotenants responsible for the negative actions of just one, and terminate everyone's tenancy with the appropriate notice.  For all sorts of reasons, roommate arrangements regularly go bad.    Roommates make lots of informal agreements about splitting...

When do I need to Probate A Will in New Jersey?

PROBATE AND WILLS IN NEW JERSEY As Estate Planning Attorneys in New Jersey we often get asks whether probate is necessary if the decedent has a Will.  To better answer this question we need to know what is probate.  Probate is the process which permits an executor to transfer assets as directed by a decedent in their Last Will & Testament to the beneficiaries in accordance to the decedent's Will.  In order to make a determination of which decedent's assets must go through probate, we need to determine the tittle in which the asset is held. Assets held in the name of the decedent alone such as real estate, personal property and monies owed to the testator will generate be transferred through probate.  There is however a caveat in this situation as to some financial firms provide beneficiary designation forms which may transfer these accounts without probate. Assets held by the testator and another person jointly, with a right of survivorship, are said to be ...