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Updated over 3 years ago on . Most recent reply
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New Jersey Tenants Lease NEVER ends?
I have 3 properties lease out, great tenants, though i am considering selling based on the appreciations.
I started to read about end of lease, and how to approach the sale.
I read something that stated, even if the lease is not renewed, the tenant can stay month to month indefinitely. The only way to evict would be if they stop paying.
Now, I might have read it in a way that you cant just evict if you want to re-rent, what If i want to sell the property, the lease states i will give the tenant 90 days notice if the property sells.
Any thoughts are appreciated.
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There is a short list of reasons that you must use to justify asking a tenant to leave your property in NJ. I recommend googling "NJ Truth in Renting" and reading up some of that material. It should outline when you're able to end lease.