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Updated about 3 years ago on . Most recent reply
Re-issue a new Month to Month lease w/rent increase
Can I legally break a month to month lease and re-issue a new lease with a rent increase? I have tenants that are on a month to month lease. I would like to increase the rent. Can I legally increase the rent with giving a 30-day notice? Also does anyone know how much you can legally increase rent in the state of NJ, (ex: 5%-10%) My town does not have rent control.
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Nathan Gesner
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Not an attorney.
To my knowledge, NJ does not have limits on how much you can increase. If they are on a month-to-month lease, you can give them 30 days notice and change the rent or other terms. You must give them 30 days notice and a specific day on when the change takes effect.
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