Rent increase with no lease tenants
Hi, I did renovations and increased rent. I have no lease with tenants. I gave them 2 weeks notice for increased rent. Is it ok in NJ? They asked to wait for 45 days which I want to avoid. Any advices?
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you are incorrect when you say you have no lease. acceptance of rent constitutes a legally binding, ORAL, month to month lease. you cannot give 2 weeks notice. you must gove 30 days notice, and one full rental month. that means to raise rent on april 1, you must give notice before feb 28. this is so they have one full months notice. if your state laws said 60 days, it would be two full months. download your local tenant laws before you get yourself in trouble