A New Jersey standard residential lease agreement outlines the rights and obligations of landlords and tenants in a rental property. It typically includes details such as lease length, rent amount, security deposits, fees, utilities, and termination options.
The lease may also contain other terms specific to the rental unit. Both parties must sign the document to make it legally binding.
Lease Length Considerations
- Residential leases in New Jersey have no term limitations, but those exceeding three years must be in writing. [1]
- Leases that are not in writing and are only spoken are usually not considered valid if they last for more than a year.
Required Lease Disclosures
- Lead-based hazards
- Crime Insurance.
- Truth in Renting Act.
- Disclosure of Flood Hazard Area.
- Window Guard Disclosure.
Explore our New Jersey lease agreements page for detailed information on required disclosures and relevant laws.
Security Deposit
Rent Grace Period
- Grace Period: Typically five days unless otherwise specified in the lease. [4]
- Maximum Late Fee: No specific cap; must be reasonable and agreed upon in the lease.
- NSF Fee: Landlords can charge up to $20 or the actual bank fee, whichever is greater. [5]
Landlord Resources
- Landlord-Tenant Laws – Title 46 (Property).
- Handbook – Tenants’ Rights in New Jersey.
