This Truth in Renting booklet is a guide to help landlords understand the rules and regulations of being a lessor. It also provides tenants with the information they need to know about their rights and responsibilities. This guide offers a wide variety of information on the New Jersey laws for lease provisions, rent, health and safety, evictions, and other important responsibilities landlords and tenants must know about. Additionally, it helps both parties know the rules that must be followed when circumstances arise that are out of the ordinary.
Landlords and tenants should read the guide carefully to determine which statutes apply to them, and when and how the Truth in Renting Statement (now in booklet format) must be distributed.
This informational document will provide New Jersey landlords and tenants with all the pertinent information they need during the course of their rental agreement. The Truth in Renting booklet covers all phases of the tenant-landlord life cycle, from credit and background checks, security deposits, lease agreements, and rent increases and rent controls, through renewing and terminating the lease agreement. Within the booklet you’ll find the guidance you need to stay on the right side of the law when it comes to pets, health and safety standards, drinking water, right of entry, lead paint, discrimination laws, and so much more. This 29-page guide even includes apartment safety tips, ways to safeguard valuables in a rental property, and a handy reference list of contact information for various agencies and organizations that may be of use to landlord or tenants.
It is critical to be sure to follow the guidelines for distributing as well as following the information within the document in order to stay within the dictates of the law. Failure to distribute the Truth in Renting Statement as outlined subjects the landlord to a possible penalty for each offense.