New Jersey Rent Stabilization
While all states are governed by rental laws at the federal level, they also have the ability to put their own laws in place. New Jersey has created rental laws of its own, some of which manage rent increases. These laws prevent landlords from taking advantage of tenants by increasing the rent mid- lease. Without these types of guidelines, landlords could potentially discriminate by raising the rent mid-lease on tenants they didn’t really want. New Jersey rent stabilization helps prevent these issues.
Managing Increases in Rent
Although there are laws in place to prevent taking advantage of tenants, a landlord does have the right to increase the rent. With fluctuations in things such as the cost of living and property taxes, it only makes sense to adjust the rent so that the expenses of maintaining a property don’t outweigh the income landlords receive from renting the property out. The New Jersey Department of Community Affairs publishes rent increase bulletins to keep all citizens informed of their rights and of the limits that govern when, how, and why rent can be increased. Whether you are a renter or a landlord, you should be aware of these laws. If you face disputes regarding rent increases, our lawyers can help make sure you are treated fairly.
Unscrupulous Rent Increase Practices
In some types of housing, there are rent-control issues and loopholes that allow landlords to discriminate when performing repairs and upgrading rental units. For example, one business model is to wait until an apartment is vacant, make a few upgrades, and then increase the rent for the next renter. This is perfectly legal even though the unit is rent controlled. The problem is that in some cases, the already rented units stop being properly maintained in the hopes that the tenants will move out so that their apartments can then be upgraded. For some, this leads to living in substandard conditions while watching other tenants in the same building enjoy more luxurious units. When you have questions regarding rent increases and whether they are legal, it’s important to turn to an experienced lawyer for answers.
What Is a Notice to Quit?
Many renters become confused when they receive a Notice to Quit, but a Notice to Quit only informs the tenant that the current lease is coming to an end. The tenant may have the opportunity to renew the lease or sign a new one that may include changes such as an increase in rent. Landlords are encouraged to speak with a lawyer who can create or review the notice and potential new lease to ensure everything necessary is covered. Tenants are also encouraged to seek the advice of a lawyer who can investigate the issue of New Jersey rent stabilization to make sure that everything is legal and nondiscriminatory.
If you have questions or concerns regarding New Jersey rent stabilization laws, our lawyers can help. Whether you are a landlord or a tenant, you deserve fair and legal treatment. Call Jean Baptiste & Associates, LLC at 1-800-531-6442 or contact us online to schedule a consultation.