It wasn't clear whether you are the prospective Tenant, or the Owner/Landlord. I would first check with the town
to see if this applies. If you are the Owner/Landlord, there may be Income Taxes due on rents received -- sometimes Owners forget that they may be liable for Income Taxes on Rental monies they receive -- best to consult a tax expert (accountant, attorney) for the given state.
Prudential NJ Properties