Hello, I live in New jersey and I have a year contract with my landlord which was signed in 2004. In the contract it states, i have to give 60 days notice in order to move out. The landlord is refusing to let me out of the lease in 30 days and is trying to hold me to the 60 day. I was told by a friend in the legal field that theirs a statue of limitations and after the (yr)contract expires it becomes a month to month contract and then I would legally need to give him 30 days notice after that following year. I've been living here over 6 years now and I have never sign any new contracts after the first year. Can he hold me to the 60 days notice and can I leave in 30 days and retain my deposit. In addition, I was told that the landlord should have renewed the lease every year after the first one in order to hold me to the 60 day notice. Pls help.

Stephanie,
I don't understand the question. What does the lease say about cancellation? Was the lease for a year? Have you been in it for a year?

Stephanie,

I am unaware of any “statue of limitations" for breaking a lease. However, if you have broken a lease - some landlords do file against you in the courts, and report to some if not all credit agencies. Also be aware that there is consumer reporting as well as credit reporting.

Breaking a lease can have a huge impact. If you are contemplating breaking a lease in order to purchase - I'd advise you not to. I have successfully negotiated on behalf of home buyers in leases with a letter of compromise to the landlords. If you are looking to purchase and need help with your lease, give us a call. Maybe we can help you too. I hope it's not too late?

Roger@rogerforrealty.com
678-851-4463

A statute of limitation for what? Are you asking can you break a lease after a year of living there? Can you break a lease after not resigning the lease for a year? What is the full question?