This office lease provision states that the parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks permitted by law.
New Jersey Provision Allocation Risks and Setting Forth Insurance Obligations of Both the Landlord and the Tenant
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FAQ
You Can Require Renters Insurance Your landlord policy covers any damage to the building, including its walls, ceilings, floors, structural supports, and other key components.
The Landlord's Duty to Mitigate Damages Under the common law in New Jersey, a landlord must take reasonable steps to find a replacement tenant, regardless of why you broke the lease.
Do You Know NJ's Law on Heating and Cooling Repair as a Landlord? As a landlord or property manager, it's your responsibility to ensure the heating, ventilation, and air conditioning systems are in good working order.
If the lease agreement requires the landlord to arrange and maintain building insurance, it is the landlord's responsibility. They need to insure property adequately against damage or loss caused by events such as fire, flood, or theft.
State and local laws can vary, but as a landlord, you will generally be responsible for providing your tenants with a ?habitable? dwelling, meaning that basic requirements for human occupancy such as having electricity, running water, a pest-free environment, and secure windows and doors must be met.
In New Jersey, a landlord cannot force tenants to move out for no reason, but the rules do vary. First, you need to consider the lease terms. If it's a short-term rental with a month-to-month lease, then you'll only need to give one month's notice before eviction.
Residential leases carry an ?implied warranty of habitability.? This means that a landlord has a duty to maintain the rental unit and keep it fit for residential purposes throughout the entire term of the lease and that the landlord must repair damage to vital facilities.
What Are the Top 5 Legal Responsibilities of a Landlord in New Jersey? Landlord Responsibilities in Clifton, New Jersey. ... Comply With Anti-Discrimination Laws. ... Provide Habitable Housing. ... Prepare a Rental or Lease Agreement. ... Make All Necessary Disclosures to Tenants. ... Respect Privacy of Tenants.