Re-issue a new Month to Month lease w/rent increase

Member since 2022 · 3 posts · 0 votes

Can I legally break a month to month lease and re-issue a new lease with a rent increase? I have tenants that are on a month to month lease. I would like to increase the rent. Can I legally increase the rent with giving a 30-day notice? Also does anyone know how much you can legally increase rent in the state of NJ, (ex: 5%-10%) My town does not have rent control.

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
4y
Not an attorney.
To my knowledge, NJ does not have limits on how much you can increase. If they are on a month-to-month lease, you can give them 30 days notice and change the rent or other terms. You must give them 30 days notice and a specific day on when the change takes effect.
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Scott M.
Real Estate Broker · Rochester Hills, MI · Member since 2009 · 2k+ posts · 2k+ votes
4y
You really don't have to "break" a lease. You just have to give proper notice as far as I am aware in NJ. So on a month to month you have to give notice 30 days in advance. As NJ is not the easiest state on landlords hopefully someone with direct experience will jump in. Might want to post the name of your town as well. As far as I know NJ does not have a limit on how much you can raise but check local county/city rules as a lot of towns do have rent control.
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Tamyeka NA
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Member since 2022 · 3 posts · 0 votes
4y
Thank you so much. Phillipsburg,NJ. Another question if the lease is written for 60 termination notice, do I have to give 60 for the amended “new” lease or would it still be 30 day notice?
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Tamyeka NA
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Member since 2022 · 3 posts · 0 votes
4y
Thank you!
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