Truth in the Rental Act (§ 46:8-45) – This form must be appended to the rental agreement if the property has more than two (2) units (none of which are inhabited by the owner). Co-tenancy agreement – A form used to avoid disagreements and conflicts between roommates who share the same rental property. Once finished, it should be read and signed by all roommates to ensure that everyone is on the same page. Maximum (§ 46:8-21.2): Landlords may not require more than one and a half (1.5) times the equivalence of one (1) monthly rent equivalent on deposit. If the landlord decides to take an additional deposit (if the tenant rents the property for more than a year), the annual amount cannot be more than 10 percent (10%) of the current deposit. To qualify, seniors must receive Social Security old-age pensions, railroad pensions, or other public pensions in lieu of Social Security old age pensions, or be in recipients of Social Security disability benefits, supplemental security income, or benefits under Work First New Jersey. Sublease Agreement – The tenant of an apartment who decides to rent their apartment to someone else. In most cases, subletting depends on the consent of the owner. A New Jersey Lease Agreement is a property management document used for the legal rental of an entire unit or property. Some states may impose a stricter entry fee on a homeowner, while others may allow homeowners to enter without adequately informing. If you become familiar with the specific laws of New Jersey, you can create a full and complete lease and protect your legal and financial rights. .

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