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In some circumstances, a tenant can break a fixed-term agreement early without penalty. A tenant can give 14 days' written notice to end an agreement early without penalty if: they have accepted an offer of social housing (e.g. from DCJ Housing)
State law regulates several rent-related issues, including late fees, the amount of notice (at least 30 days in New Jersey) landlords must give tenants to raise the rent and how much time (30 days in New Jersey) a tenant has to pay overdue rent or move before a landlord can file for eviction.
If you pay all outstanding charges before moving, including any back rent and fees, breaking a lease won't hurt your credit score. However, breaking a lease can damage your credit if it results in unpaid debt.Landlords generally don't report unpaid rent to credit bureaus.
While some jurisdictions may have provisions that allow consumers to change their minds with no consequences, generally there is no cooling-off period for leasing real property. Once the landlord and tenant sign a lease and a copy is delivered to the both parties, it becomes a valid contract.
Tenant Rights to Withhold Rent in New Jersey Tenants may withhold rent or exercise the right to repair and deduct if a landlord fails to take care of important repairs, such as a broken heater.
Notice to Terminate the Lease A month-to-month tenant must give written notice of lease termination at least one full month prior to moving. Most yearly leases require a 60 to 90 day notice from the tenants in order to terminate the lease.
Be required to pay the rent for the remaining months on your lease. Be subject to legal action from your landlord, and/or. Receive a negative mark on your credit report.
For other tenant/landlord affairs information, residents may contact the NJ Department of Community Affairs, Division of Codes & Standards, Landlord/Tenant Divsion by phone 609-292-7899, on their website at www.nj.gov/dca or by mail at P.O. Box 805, Trenton NJ 08625.
Tenants that break a rental lease in New Jersey can lose their security deposit, as well suffer damages for a landlord's lost rental income.