Rental Basics in New Jersey>Question Details

Geri, Other/Just Looking in New Jersey

A new owner is taking over the rental property. Can they raise the rent before my lease is up?

Asked by Geri, New Jersey Mon Aug 3, 2009

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4
no. the new owner is simply stepping into the shoes of the prior owner as regards your tenancy. they took title subject to your lease rights. rest easy geri, your lease is the controlling document regardless of whose signature is on it.

this is an example of why i use only month to month tenancies in rentals. the lease is really only protective of the tenant.
0 votes Thank Flag Link Tue Aug 4, 2009
As Gina states, the new owner can not raise the rent until the lease is renewed.
0 votes Thank Flag Link Mon Aug 3, 2009
Geri,

The new owner taking over abides by the terms of the original lease agreement.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158 cell
973-992-6363 ext 116
Gina.Chirico@PrudentialNewJersey.com
0 votes Thank Flag Link Mon Aug 3, 2009
All terms and conditions of rent payment is governed by the lease agreement. Contact Realtor who assisted in securing executed lease agreement.

If you have any further questions contact an attorney.

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0 votes Thank Flag Link Mon Aug 3, 2009
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