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David Kimball
  • Jersey City, NJ
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NJ Owner Occupied rule for clearing tenants

David Kimball
  • Jersey City, NJ
Posted

I understand that in NJ you can vacant a 1-3 unit home upon your move in date by stating that you intend to move in. How is your move in defined or tracked? What is the minimum time you have to live there? A year?
Say the minimum is more like a year, can you get around this by just subletting your unit for that time using a sublet agreement or guest agreement or having "roommates"?
How is this different for an REO property?
Thanks greatly.

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied
Originally posted by David Kimball:
... How is your move in defined or tracked? ...

There is this thing called "change of address" that you give to the post office. There are these things called utilities - you know, things like electric, water, gas, phone, cable, etc. - that are turned on when somebody lives in a house.

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