Collecting a security deposit from tenants is a common practice for landlords that offers several benefits. In New Jersey, deposit laws provide landlords with certain rights and protections. This blog post will discuss the advantages of collecting a security deposit and how it can help you handle various situations that may arise during a rental period. What a Security Deposit Covers Unpaid Utilities During the lease period, tenants are typically responsible to pay for utilities. However, in cases where these bills are left unpaid, New Jersey…
New Jersey Rental Laws - An Overview of Landlord Tenant Rights
Being a landlord comes with certain responsibilities. One of which is understanding New Jersey landlord tenant law. It’s important that, as a landlord, you familiarize yourself with the state’s residential tenancy law for a smooth landlording experience. The following is everything landlords need to know about New Jersey's landlord tenant laws. Required Landlord Disclosures in New Jersey New Jersey rental property owners must make the following disclosures before a tenant can move in. Lead-Based Paint: Is the building for rent built before 19…
What Maintenance Issues Are Emergencies, and What Can Wait for Regular Business Hours?
Keeping your rental property in good condition is a year-round effort. Cleaning, painting, and mowing the lawn are tasks that need to be done regularly. You might have to perform seasonal maintenance tasks such as insulating the hot water pipes or checking the roof, gutters, and downspouts for damage or debris after storms. Plus, emergency maintenance can be necessary at any point. To effectively make use of your time and resources, it’s essential to know what constitutes a maintenance emergency and what can wait for another day. For instance…
What to Do if the Security Deposit Doesn’t Cover Unpaid Rent
As a landlord, you may face a tenant who fails to pay rent on time. It's an unfortunate reality that not all tenants will be responsible with their finances, and sometimes, you may find yourself in a situation where the security deposit isn't enough to cover the unpaid rent. This can be a frustrating and stressful experience for any landlord, but it's important to know that you do have options. In this article, we'll explore what to do if the deposit doesn't cover unpaid rent, including legal steps you can take and alternative solutions that c…
Is a Month-to-Month Lease Better for Landlords?
While many landlords prefer to find long-term tenants, month-to-month leases are a great option for property owners looking to rent their property without a long-term commitment. If you’re a landlord considering a short-term lease, it’s important to be well-informed before deciding whether you’ll be renting out your home on a month-to-month basis. Luckily, we’re here to help! This article will outline the pros and cons of short-term leases so you can decide if a month-to-month lease is the right fit for you. What Is a Month-to-Month Lease? A m…
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