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Updated over 11 years ago on . Most recent reply

User Stats

88
Posts
7
Votes
Mina G.
  • Rental Property Investor
  • Jersey City, NJ
7
Votes |
88
Posts

Renewing Tenant Lease. NJ

Mina G.
  • Rental Property Investor
  • Jersey City, NJ
Posted

My tenant lease is coming up for renewal. How long before the expiration date should this be done? I'm planning on increasing the rent. Do I need to give notice as well or the lease renewal will be enough? By the way I'm in New Jersey.

Can I use the same NJ lease form for renewal or is there a different form?

Also what should I do about the deposit? Do I need to give it back to tenant and take it again? or what should I write in the lease about using deposit from the previous lease?

Thanks

Most Popular Reply

User Stats

98
Posts
21
Votes
JERMAINE LUCAS
  • Investor
  • Woodbridge, Virginia, landlord
21
Votes |
98
Posts
JERMAINE LUCAS
  • Investor
  • Woodbridge, Virginia, landlord
Replied

Jermaine here, we always gave one month notice, our notice say congratulations it's your anniversary, then tell them how nice it was having them as a tenant, then get in to the the rent increase, we usually say something like, everything in this economy is going up and onfortunately so is the rent, something to that effect,

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