Bigger Pockets New Jersey Landlord Forms

[Mia Trasolini]

Hello!

I just purchased my first investment property in NJ and figured purchasing the Bigger Pockets Landlord Forms would be a safe investment.

After reading through the documents, I noticed some gaps that are causing concern.

I do not see anything in the lease agreement pertaining to:

-Penalty for the tenant breaking the lease early

-A 30 day notice period at end of lease if the tenant is moving out

-Clause about the right to raise rent upon lease renewal

Has anyone used these forms for their rental properties in NJ?  Have you noticed anything else is missing? Should these things be added via an addendum?

Any advice would be much appreciated! 

Thank you,

Mia