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Updated about 3 years ago on . Most recent reply

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Michael Wolffs
  • New York City, NY
41
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155
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What do I want to add to a standard NJ lease?

Michael Wolffs
  • New York City, NY
Posted

I'm completing the renovation of my first property.  So, I'm going to be looking to lease the units.  This means I need a lease.   This is in NJ.  A broker I've been working with send me the NJ Association of Realtors standard lease.  I'm sure this is fine as far as it goes.  I'm guessing it likely doesn't go far enough, and I'll likely need a rider to cover more issues.  This brings up a some questions:

- Should I use this lease as a base, or is there a better form lease to start with?

- What items should I add to a standard lease?  Are there are things that usually get left off that need to be covered.

Any help appreciated.  I'm especially looking for help from NJ landlords/investors who have state specific knowledge.

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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
1,233
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2,771
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Replied

I like the Mr. Landlord.com leases, they have some clauses that give your more control over your property. For example, it's good to have monies applied to fees first and rent second. It's easier to evict for rent issues than back fees.

Best to you

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