New Jersey Residential Lease Agreement – PDF – Word
The New Jersey residential lease agreement is a standard one (1) year term lease between a landlord and tenant. This is the most popular agreement document used when renting residential property to lessees. It will clearly identify the monthly rent, the responsibilities of both parties, all necessary disclosures (as listed below) and the utilities to be included or unincluded in the rent (e.g., electricity, hot water, internet).
Security Deposit Laws
Maximum Amount ($) – The lessor cannot demand any more than one and a half times (1.5x) the monthly rent as a security deposit. Should the lessee renew the lease for more than a year, the lessor may request as much as an additional ten percent (10%) of the monthly rent. (§ 46:8-21.2).
Returning – The lessor has thirty (30) days to return the deposit to the lessee (§ 46:8-21.1).
Rent Grace Period
The tenant is granted by law, a five (5) day grace period in which to pay the rent. After the grace period has passed, the landlord may charge a late fee as defined in the lease agreement (NJ Rev Stat § 2A:42-6.1).
- Flood Zone – In the case that the property is located in a flood zone (as defined here), the lease must provide a full disclosure explaining this fact and the associated danger.
- Lead-Based Paint – Any structure built prior to 1978 may contain lead-based paint; the lease agreement must include a disclosure should this be the case.
- Truth-in-Renting Statement – This statement, which details the rights and responsibilities of tenants as well as landlords, must be supplied by the latter party in accordance with § 46:8-46.
- Window Guards – Each lease agreement must contain a statement (see full statement here) detailing the landlord’s responsibilities with regard to window guards.