Being a landlord and real estate investor is a large role that goes beyond property management to encompass legal responsibilities and regulatory compliance. In the State of New Jersey, one crucial aspect is the mandatory Landlord Registration Statement. In this comprehensive guide, we will go into the intricacies of this requirement, its significance, and the consequences of non-compliance. Understanding the Mandate At the basics of the landlord obligations in New Jersey is the legal framework of N.J.S.A. 46:8-27 and N.J.S.A. 55:13A-1. These …
How to Maintain Your Rental Property
Maintaining a rental property is an important part of being a good landlord and guaranteeing the well-being and happiness of your renters. When it comes to property maintenance, both landlords and tenants have particular responsibilities. In this article, we will look at several areas of property maintenance, such as the legal duties of both parties and different alternatives for effective property care. Landlord's Property Maintenance Duties 1. Provide Appropriate Trash Containers Landlords should provide appropriate garbage containers and en…
New Jersey Security Deposit Laws
Collecting a security deposit from tenants is a common practice for landlords that offers several benefits under the security deposit laws. In New Jersey, security 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…
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 as per the landlord-tenant laws. Lead-Based Paint: Is the b…
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…
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