In your situation you would likely be charged the NJ Realty Transfer Fee for each transfer.

And I'm afraid the property may require high repair fee after the tenant moved out if that person is not neat.Thank you all of the opinions.

Often they are extended, but obviously at much worse terms, which drives your condo fee considerably higher when the renegotiation happens. 

Otherwise I tell them they owe all rents, all late fees plus the cost of the filing fees which must be paid before the deadline on the notice they're received from the Clerk of Court.I have been contacted by other landlords regarding two different tenants who were being evicted due to nonpayment of rent. 

What we do when we sell is give property manager 6 months of PM fee for current occupancy.

I've included that placement fee in the management line item.

Apparently I will not be exposed to penalties or fees since I was not the one who made the conversion back then.

I actually just bought my first home last year in Montgomery County, Maryland (a condo with a low condo fee using an FHA loan, not a super great deal but very reasonable).

I bought my first home last year in December, mostly to get out of renting (it was a condo in Montgomery County, Maryland with a low condo fee, not a super great deal but very reasonable).

Take that, subtract whatever fee you are looking to get & there is your contract price.