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A fixed lease term is when a tenant agrees to rent your property until a specific date. For example, if the tenant signs a one-year fixed term starting on July 1, it would end on June 30 of the following year.

Frequently Asked Questions (FAQs) Does a Lease need to be notarized in NJ? No, your New Jersey Lease Agreement does not have to be notarized. As long as the Lease is signed by both the Landlord, or lessor, and the Tenant, or lessee, it is considered fully executed and legally binding.

A New Jersey Standard residential lease agreement is a fixed-term rental contract commonly for a 1-year period for use between a landlord and tenant. The form contains the required disclosures that meet State law and, once signed, becomes legally binding to both parties.

As long as the tenant does not violate any rules, they can stay until their rental period ends. But if they stay in the property even a day after their lease/rental agreement ends and have not arranged for renewal, landlords can issue a written notice to the tenant to move.

There is no limitation to the length of the term of the lease. If a lease is for a term of more than three years it must be written, pursuant to N.J.S.A. -12. The landlord may not unilaterally change the terms of the lease agreement while there is a written lease in effect.

A New Jersey rent-to-own lease agreement allows a landlord to rent a property while offering the tenant an option to purchase. If the tenant does not purchase the property the agreement will terminate at the end of the lease term similar to a standard lease.