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Updated over 3 years ago,

User Stats

79
Posts
9
Votes
Daniel Velez
Pro Member
  • Real Estate Agent
  • Middletown, NJ
9
Votes |
79
Posts

Rules in NJ for rent increase mid-lease

Daniel Velez
Pro Member
  • Real Estate Agent
  • Middletown, NJ
Posted

Does anyone know if there are certain rules for a rent increase mid-lease or restructuring of covered/non covered expenses and offering an updated lease with the tenant in New Jersey?

Lease does not renew until 2/2019, but we had a question in a REI meeting about what the rules in New Jersey were for increasing rent and/or restructuring rules mid-lease. I researched the question on the NJ landlord website, but did not see anything that said it was prohibited. All that I saw mentioned was appropriate notice to the tenant was needed. Any insights would be great!

Thanks

  • Daniel Velez
  • Loading replies...