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The NJAR 125 7 12 form serves as a vital document for both landlords and tenants entering a residential lease agreement in New Jersey, outlining their rights, responsibilities, and the legal framework governing their rental relationship. Crafted by the New Jersey Association of Realtors®, this comprehensive document ensures clarity and fairness, covering critical aspects such as property details, lease term, rent specifics, security deposit rules, and penalties for late payments. Furthermore, it addresses both parties' obligations regarding property maintenance, utilities, alterations, and the conditions under which the property can be accessed or inspected. Reflecting legal safeguards, it incorporates mandatory disclosures concerning lead-based paint, Megan's Law, and an attorney review clause, empowering parties to seek legal advice before finalizing the agreement. Additionally, it includes provisions on broker’s commission, renewals, furniture, end-of-term expectations, and compliance with association bylaws, making it a cornerstone for fostering transparent and lawful leasing transactions in New Jersey. Essential for securing the interests of both the landlord and tenant, this document ensures adherence to state laws and regulations, while also providing mechanisms for conflict resolution and protecting against unforeseen liabilities and disputes.

Sample - Njar 125 7 12 Form

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NEW JERSEY ASSOCIATION OF REALTORS® STANDARD FORM OF

RESIDENTIAL LEASE

©2001 NEW JERSEY ASSOCIATION OF REALTORS®, INC.

THIS IS A LEGALLY BINDING LEASE THAT WILL BECOME FINAL WITHIN THREE BUSINESS DAYS. DURING THIS PERIOD YOU MAY CHOOSE TO CONSULT AN ATTORNEY WHO CAN REVIEW AND CANCEL THE LEASE. SEE SECTION ON ATTORNEY REVIEW FOR DETAILS.

TABLE OF CONTENTS

1. CONDO/CO-OP RIGHT OF TERMINATION

17. ACCESS TO THE PROPERTY

33. ATTORNEY REVIEW CLAUSE

2. PROPERTY

18. NO ALTERATIONS OR INSTALLATION OF EQUIPMENT

34. BROKER'S COMMISSION

3. TERM

19. INSPECTION

35. LEAD-BASED PAINT DOCUMENT ACKNOWLEDGMENT

4. RENT

20. INSURANCE

36. WINDOW GUARD NOTIFICATION

5. INITIAL DEPOSIT

21. FIRE AND OTHER CASUALTY

37. MEGAN'S LAW STATEMENT

6. SECURITY DEPOSIT

22. LIABILITY OF LANDLORD & TENANT

38. CONSUMER INFORMATION STATEMENT

7. LATE PAYMENT PENALTY

23. PETS

ACKNOWLEDGMENT

8. ADDITIONAL RENT

24. NOTICES

39. DECLARATION OF LICENSEE BUSINESS RELATIONSHIP

9. POSSESSION AND USE

25. NO WAIVER

40. ACKNOWLEDGMENT OF TRUTH IN RENTING

10. UTILITIES

26. SEVERABILITY

STATEMENT

11. NO ASSIGNMENT OR SUBLETTING

27. RENEWAL OF LEASE

41. SMOKE DETECTORS, CARBON MONOXIDE ALARM AND

12. VIOLATION, EVICTION & RE-ENTRY

28. FURNITURE

PORTABLE FIRE EXTINGUISHER COMPLIANCE

13. DAMAGES

29. END OF TERM

42. PRIVATE WELL TESTING

14. QUIET ENJOYMENT

30. ASSOCIATION BYLAWS, RULES & REGULATIONS

43. MEGAN'S LAW REGISTRY

15. TENANT'S REPAIRS AND MAINTENANCE

31. BINDING

44. OTHER LEASE PROVISIONS

16. LANDLORD REPAIRS

32. ENTIRE AGREEMENT

 

 

RESIDENTIAL LEASE AGREEMENT

 

BETWEEN LANDLORD: ______________________________________________________________________________________

whose address is ______________________________________________________________________________________________

_____________________________________________________________________________________________________________

AND TENANT: ______________________________________________________________________________________________

whose address is ______________________________________________________________________________________________

_____________________________________________________________________________________________________________

The word “Landlord” as used in this Lease means all of the landlords above listed. In all instances in which the Landlord may exercise rights or perform obligations under this Lease, it may do so through its authorized agents or representatives.

The word "Tenant" as used in this Lease means all of the tenants above listed.

1.CONDOMINIUM/CO-OPERATIVE RIGHT OF TERMINATION: (The following statement generally, as required by law, must be included in a lease for a condominium or cooperative unit.) THIS BUILDING IS BEING CONVERTED TO OR IS A CON-

DOMINIUM OR COOPERATIVE. YOUR TENANCY CAN BE TERMINATED UPON 60 DAYS NOTICE IF YOUR APARTMENT IS SOLD TO A BUYER WHO SEEKS TO PERSONALLY OCCUPY IT. IF YOU MOVE OUT AS A RESULT OF RECEIVING SUCH A NOTICE, AND THE LANDLORD ARBITRARILY FAILS TO COMPLETE THE SALE, THE LANDLORD SHALL BE LIABLE FOR TREBLE DAMAGES AND COURT COSTS.

2.PROPERTY: The Tenant agrees to lease from the Landlord and the Landlord agrees to lease to the Tenant (the single family home) (apartment # ______) (condominium unit #______) (townhouse unit #______) having a street address of _________________________

_______________________________________________________________________ located in _____________________________

_____________________, New Jersey (referred to as the “Property”).

3.TERM: The Term of this Lease is for _________________________________________________ (months) (years) starting on

_____________________________________ and ending on __________________________________________. This is referred to as the “Term”. If the Landlord is unable to give possession of the Property to the Tenant on the first day of the Term, the Landlord shall not have any liability to the Tenant. However, the Tenant shall not be liable for the payment of rent until the Landlord gives possession of the

 

Tenant's

Landlord's

NJAR® Form-125-7/12 Page 1 of 8

Initials: __________

Initials: __________

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Property to the Tenant. If the Landlord fails to give possession of the Property within 30 days of the start date set forth above, then the Tenant may terminate this Lease by giving notice to Landlord. If the first day of the Term is delayed, then the last day of the Term shall be adjusted accordingly, so that the Term remains for the number of months or years above stated.

4.RENT: The rent for the Term of this Lease is $ ________________, to be paid as follows: $______________ per month, which is due on the ___________________________ day of each month. Rent shall be payable to: ____________________________________

____________________________________________________________________________________________________________.

(NAME AND ADDRESS)

5. INITIAL DEPOSIT: Tenant has paid an initial deposit of $ ________________ received on ____________________ that will

be credited towards ____________ the first month's rent or ____________ the Security Deposit. The balance shall be paid as fol-

lows: First month's rent $__________________ Due on _______________________________________________, Security Deposit

$_______________________ Due on ________________________________________________________.

6. SECURITY DEPOSIT: Tenant shall pay to the Landlord the sum of $ _____________ (the “Security Deposit” which cannot

exceed one and one-half months rent) to assure that Tenant performs all of Tenant's obligations under this Lease. Landlord shall comply with the Rent Security Deposit Act (N.J.S.A. 46:8-19 et seq.; the “Act”). This includes depositing the Security Deposit into a banking institution or investment company in New Jersey and notifying the Tenant in writing within 30 days of Landlord's receipt of the Secu-rity Deposit of (i) the name and address of the banking institution or investment company; (ii) the type of account in which the Security Deposit is deposited or invested (for example, interest bearing or money market); (iii) the amount of the Security Deposit and (iv) the current rate of interest for the account. The Act also requires payment in cash to Tenant of all interest earned on the Security Deposit upon the anniversary date of this Lease or the renewal of the term of this Lease. At such time, or at the time of a change in the type of account or a change in the banking institution or investment company, Landlord shall again notify Tenant of (i) the name and address of the banking institution or investment company; (ii) the type of account in which the Security Deposit is deposited or invested; (iii) the amount of Security Deposit and (iv) the current rate of interest for the account. Such a notice shall also be given to Tenant within 30 days after conveyance of the Property.

The Landlord may deduct from the Security Deposit any costs resulting from the Tenant's failure to comply with any of the terms of this Lease. If the Landlord makes any such deductions, then upon demand, the Tenant shall promptly restore the Security Deposit to its original amount. The Security Deposit may not be used by the Tenant for the payment of rent without the written consent of the Landlord.

The Landlord shall inspect the Property after the Tenant vacates at the end of the Term. Within 30 days of the termination of this Lease, the Landlord shall return the Security Deposit plus the undistributed interest to the Tenant, less any charges expended by the Landlord for damages to the Property resulting from the Tenant's occupancy. The interest and deductions shall be itemized in a statement by the Landlord, and shall be forwarded to the Tenant with the balance of the Security Deposit by personal delivery, registered or certified mail.

If the Landlord sells or transfers the Property during the Term of this Lease, the Landlord will transfer the Security Deposit plus the undistributed interest to the new owner. Landlord shall notify the Tenant of the sale and transfer, as well as the name and address of the new owner. The notice shall be given by registered or certified mail within five days after conveyance of title. After acquisition of the Property, the new owner shall have all responsibility regarding the Security Deposit, and the Landlord shall have no further responsibility.

7. LATE PAYMENT PENALTY: If the Tenant does not pay the rent by the ___________ day of the month, the Tenant shall pay a

late charge of _____________ until the rent is received by Landlord. The late charge shall be added to the rent, and shall be considered as

additional rent, which is defined in Section 8. In the event any rent check is returned unpaid due to insufficient funds, the Tenant agrees to pay the Landlord a $__________________ processing charge. In such event, the Landlord reserves the right to demand that future rent

payments be made in cash, bank or certified check.

8. ADDITIONAL RENT: Landlord may perform any obligations under this Lease which are Tenant's responsibility and which Tenant fails to perform. The cost to Landlord for such performance may be charged to TENANT as "additional rent" which shall be due and payable with the next installment of monthly rent. The additional rent may include reasonable attorney's fees incurred by Landlord because of Tenant's failure to perform under this Lease. Landlord has the same rights against Tenant for failure to pay additional rent as Landlord has for Tenant's failure to pay monthly rent. This means that the Landlord may evict Tenant for failure to pay additional rent.

9. POSSESSION AND USE: The Landlord shall give possession of the Property to the Tenant for the Term of this Lease except as otherwise provided in this Lease. The Tenant shall occupy the Property only as a private residence, and will not use the Property for any business, trade or profession. The Tenant shall not store any flammable, dangerous or hazardous materials at the Property, other than ordinary household cleaning materials. The Property shall not be allowed to be vacant for any extended period of time.

10. UTILITIES: The Tenant shall arrange to have the utilities transferred into Tenant's name prior to occupancy, and shall be respon-

sible for paying the following utility services:

Gas

Electric

Water

Heat

Sewer

General Trash Disposal

(Other) ___________________________________________________________________.

 

 

 

The Landlord shall provide and pay for the following utility services:

Gas

Electric

Water

Heat

Sewer

 

 

 

 

 

 

Tenant's

 

Landlord's

NJAR® Form-125-7/12 Page 2 of 8

 

 

 

 

 

Initials: __________

Initials: __________

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General Trash Disposal

(Other) ______________________________________________________________. The Tenant agrees

not to waste or unreasonably use any utility or appliance that is provided by the Landlord. Landlord shall not be responsible for any dam- age or loss caused to Tenant or Tenant's property because of an interruption in utility services over which Landlord has no reasonable means of control. Any such interruption shall not be grounds for Tenant to reduce or stop paying rent.

11.NO ASSIGNMENT OR SUBLETTING: The Tenant may not assign this Lease, sublet all or any part of the Property, or permit any other person to use the Property without the prior written permission of the Landlord. The Landlord may withhold such permission in Landlord's sole and absolute discretion.

12.VIOLATION, EVICTION AND RE-ENTRY: The Landlord reserves the right of re-entry. This means that if the Tenant violates the terms of this Lease, the Landlord may terminate this Lease and regain possession of the Property. This is done by a court proceed- ing known as an eviction. A complaint is served upon the Tenant and the Tenant must appear in court. The Landlord may also evict the Tenant for any other cause which is permitted by applicable law. When the eviction proceeding is concluded, the Landlord may regain possession of the Property.

13.DAMAGES: The Tenant is liable for all Landlord's damages caused by Tenant's breach of this Lease. Such damages may include loss of rent, the cost of preparing the Property for re-renting, brokerage commission in finding a new tenant as a result of Tenant's eviction or Tenant moves out prior to the end of the Term as well as reasonable attorney's fees and court costs.

14.QUIET ENJOYMENT: The Tenant may occupy the Property without interference, subject to Tenant's compliance with the Terms of this Lease.

15.TENANT'S REPAIRS AND MAINTENANCE: The Tenant shall:

(a)Pay for all repairs, replacements and damages caused by the act or neglect of the Tenant, the Tenant's family, domestic employees, guests or visitors, which includes but is not limited to sewer and plumbing drainage problems caused by the Tenant.

(b)Keep and maintain the Property in a neat, clean, safe and sanitary condition.

(c)Cut the grass and maintain the shrubbery.

(d)Drive and park vehicles only in designated areas, if any.

(e)Take good care of the Property and all equipment, fixtures, carpeting and appliances located in it.

(f)Keep the furnace clean, and regularly change the furnace filters, if applicable.

(g)Keep nothing in the Property which is flammable, dangerous or which might increase the danger of fire or other casualty.

(h)Promptly notify the Landlord of any condition which requires repairs to be done.

(i)Use the electric, plumbing and other systems and facilities in a safe manner.

(j)Promptly remove all garbage and recyclables from the Property and place it at the curb (or other designated area) in the proper containers in accordance with the prescribed pick-up schedule.

(k)Not engage in any activity which may cause a cancellation or an increase in the cost of the Landlord's insurance coverages.

(l)Use no more electricity than the receptacles, wiring or feeders to the Property can safely carry.

(m)Obey all instructions, written or otherwise, of the Landlord for the care and use of appliances, equipment and other personal prop- erty.

(n)Do nothing to destroy, deface or damage any part of the Property.

(o)Promptly comply with all orders and rules of the Board of Health or any other governmental authority which are directed to the Tenant.

(p)Do nothing which interferes with the use and enjoyment of neighboring properties.

(q)Do nothing to cause any damage to any trees or landscaping on the Property.

(r)Keep the walks and driveway free from dirt, debris, snow, ice and any hazardous objects.

(s)Comply with such rules and regulations that may be published from time to time by the Landlord.

16.LANDLORD REPAIRS: The Landlord shall make any necessary repairs and replacements to the vital facilities serving the Property, such as the heating, plumbing and electrical systems, within a reasonable time after notice by the Tenant. The Tenant may be liable for the cost of such repairs and replacements pursuant to Section 15. The Landlord shall not be liable for interruption of services or inconvenience resulting from delays in making repairs or replacements if due to circumstances beyond Landlord's reasonable control.

17.ACCESS TO THE PROPERTY: The Landlord shall have access to the Property on reasonable notice to the Tenant in order to

(a)inspect the interior and exterior of the Property, (b) make necessary repairs, alterations, or improvements, (c) supply services, and (d) show it to prospective buyers, appraisers, contractors or insurers. The Landlord may enter the Property without prior notice in the event of an emergency or if the Tenant is not home for more than seven consecutive days. If this Lease is not renewed as per Section 27 of this Lease Agreement, Landlord shall then be allowed access to the Property at any time prior to the end of the Term for showing of Property to prospective tenants.

NJAR® Form-125-7/12 Page 3 of 8

Tenant's

Landlord's

 

 

 

Initials: __________

Initials: __________

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18.NO ALTERATIONS OR INSTALLATION OF EQUIPMENT: The Tenant may not alter or change the Property without first obtaining Landlord's written consent. By way of example, the Tenant may not:

(a)Install any improvement such as carpeting, paneling, floor tiles, or any other improvement which is nailed or tacked down, cemented or glued in;

(b)Install any locks or chain guards;

(c)Wallpaper, affix wall coverings or other permanent type decorations;

(d)Install or change the electrical, plumbing, heating or air cooling system.

When painting (whether interior or exterior), the Tenant must have the Landlord's permission regarding paint colors. All painting must be done in a professional and workmanlike manner. The Tenant shall repair all walls and ceilings which had pictures or fixtures attached, prior to vacating. Any and all changes, additions or improvements made without the Landlord's written consent shall be removed by the Tenant on demand by the Landlord. The Property shall be in substantially the same condition at the end of the Term as it was at the begin- ning of the Term, reasonable wear and tear excepted.

All permitted changes, additions and improvements shall become the property of the Landlord when completed, shall be fully paid for by the Tenant, and shall remain as part of the Property at the end of the Term of this Lease, unless the Landlord demands that the Tenant remove them. The Tenant shall not allow any construction lien or other claim to be filed against the Property. If any such lien or claim is filed against the Property, the Tenant shall have it promptly removed.

19.INSPECTION: If the municipality requires a continued use inspection or certificate of occupancy prior to occupancy, the Land- lord shall be responsible for obtaining such inspections and certificates as well as making the necessary repairs.

20.INSURANCE: The Tenant shall be responsible for obtaining, at Tenant's own cost and expense, a tenant's insurance policy for the Tenant's furniture, furnishings, clothing and other personal property. The Tenant's personal property shall not be the responsibility of the Landlord, and will not be insured by the Landlord. The Tenant's insurance policy must also include liability coverage. Upon request, the Tenant shall periodically furnish Landlord with evidence of Tenant's insurance policy.

21.FIRE AND OTHER CASUALTY: Immediate notice shall be given by the Tenant to Landlord of any fire or other casualty which occurs at the Property. If the Property is uninhabitable, Tenant's obligation to pay rent shall cease until the time that the Property is re- stored by the Landlord. If only a part of the Property is uninhabitable, then the rent shall be adjusted proportionately.

If only part of the Property is damaged, the Landlord shall repair the Property within a reasonable period of time. Landlord shall not be obligated to repair or restore any improvements that Tenant has made to the Property.

Either party may cancel this Lease if the Property is so damaged by fire or other casualty that the property cannot be repaired within 90 days. The Landlord's determination in such regard shall be final, conclusive and binding on both parties.

The Lease shall end if the Property is totally destroyed. The Tenant shall pay rent to the date of destruction.

If the fire or other casualty is caused by the act or neglect of the Tenant, the Tenant's family, domestic employees, guests or visitors, the Tenant shall pay for all repairs and other damages.

22.LIABILITY OF LANDLORD AND TENANT: The Landlord is not legally responsible for any loss, injury or damage to any person or property unless such loss, injury or damage is directly caused by the Landlord's negligence. The Tenant is legally responsible for loss, injury or damage to any person or property caused by the negligence of the Tenant, the Tenant's family members, domestic em- ployees, guests or visitors.

23.PETS: No dogs, cats or other pets shall be permitted on the Property without the prior written consent of the Landlord, which the Landlord may withhold in the Landlord's sole and absolute discretion.

24.NOTICES: All notices given under this Lease must be in writing in order to be effective. Delivery of notices may not be refused. If any notice is refused, it shall be considered to have been effectively given. Notices shall be given by (a) personal delivery, or (b) certified mail, return receipt requested, unless applicable law requires a different means of notice. Notices to the Landlord shall be at the address on the first page of this Lease, and to the Tenant at the Property.

25.NO WAIVER: The Landlord's failure to enforce any obligation of the Tenant contained in this Lease in any one instance shall not prevent the Landlord from enforcing the obligation at a later time.

26.SEVERABILITY: If any term or condition of this Lease is contrary to law, the remainder of the Lease shall be unaffected and shall continue to be binding upon the parties.

NJAR® Form-125-7/12 Page 4 of 8

Tenant's

Landlord's

 

 

 

Initials: __________

Initials: __________

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27.RENEWAL OF LEASE: The Tenant must be offered a renewal of this Lease by the Landlord, unless the Landlord has good cause not to do so under applicable law. Reasonable changes may be included in the renewal Lease. Not less than ___________ days before the expiration of the Term of this Lease, the Landlord shall notify the Tenant of the proposed terms for the renewal Lease. Within

___________ days after the Tenant receives the Landlord's renewal notice, Tenant shall notify Landlord whether Tenant accepts or rejects the proposed renewal Lease. If the Tenant does not notify the Landlord of Tenant's acceptance, then the Landlord's proposal shall be con- sidered to have been rejected. If the Tenant does not accept the renewal Lease, the Tenant must vacate the Property at the end of the Term.

28.FURNITURE: If the Property is leased in furnished condition, or if the Landlord leaves personal property to be used by the Ten- ant, the Tenant shall maintain the furniture and furnishings in good condition and repair. A list of such items shall be attached to this Lease and signed by the Landlord and the Tenant.

29.END OF TERM: At the end of the Term, the Tenant shall (a) leave the Property clean, (b) remove all of the Tenant's property,

(c)repair any damage including that caused by moving, (d) make arrangements for final utility readings and pay all final utility bills and

(e)vacate the Property and return it with all keys to the Landlord in the same condition as it was at the beginning of the Term, except for normal wear and tear.

30.ASSOCIATION BYLAWS, RULES AND REGULATIONS: If Property is subject to any Association Bylaws

and Rules and Regulations, Tenant agrees to comply with such Association Bylaws and Rules and Regulations including any amendments.

31.BINDING: This Lease is binding on the Landlord and the Tenant and all parties who lawfully succeed to their rights and respon- sibilities.

32.ENTIRE AGREEMENT: This Lease contains the entire agreement of the Landlord and Tenant. No representations have been made by the Landlord or its real estate broker or agents except as set forth in this Lease. This Lease can only be changed in writing by an agreement signed by both the Landlord and the Tenant.

33.ATTORNEY REVIEW CLAUSE:

(1) Study by Attorney.

The Tenant or the Landlord may choose to have an attorney study this Lease. If an attorney is consulted, the attorney must complete his or her review of the Lease within a three-day period. This Lease will be legally binding at the end of this three-day period unless an attorney for the Tenant or the Landlord reviews or disapproves of the Lease.

(2) Counting the Time.

You count the three days from the date of delivery of the signed Lease to the Tenant and the Landlord. You do not count Saturdays, Sundays or legal holidays. The Tenant and the Landlord may agree in writing to extend the three-day period for attorney review.

(3) Notice of Disapproval.

If an attorney for the Tenant or the Landlord reviews and disapproves of this Lease, the attorney must notify the Broker(s) and the other party named in this Lease within the three-day period. Otherwise this Lease will be legally binding as written. The attorney must send the notice of disapproval to the Broker(s) by certified mail, by telegram, or by delivering it personally. The telegram or certified letter will be effective upon sending. The personal delivery will be effective upon delivery to the Broker's office. The attorney may also, but need not, inform the Broker(s) of any suggested revision(s) in the Lease that would make it satisfactory.

34.BROKER'S COMMISSION: The Broker's Commission is earned, due and payable upon signing of a fully executed Lease Agreement and satisfaction of the Attorney Review Period set forth in Section 33 of this Lease. The Commission shall be paid by the

Landlord in accord with previously executed Listing Agreement.

Tenant and shall be payable as follows: ________________________________________________________________________

___________________________________________________________________________________________________________

__________________________________________________________________________________________________________

Listing Broker

_______________________________________________________________

______________________________________

Address

Telephone #

NJAR® Form-125-7/12 Page 5 of 8

Tenant's

Landlord's

 

 

 

Initials: __________

Initials: __________

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_______________________________________________________________

______________________________________

Participating Broker

Commission

_______________________________________________________________

______________________________________

Address

Telephone #

35. LEAD-BASED PAINT DOCUMENT ACKNOWLEDGMENT: (Applies to dwellings built before 1978)

The Tenant acknowledges receipt of the EPA pamphlet, “Protect Your Family From Lead In Your Home”. Moreover, a copy of the document entitled, “Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards” has been fully completed, signed by Tenant, Landlord and Broker(s) and is appended to and made a part of this Agreement.

36. WINDOW GUARD NOTIFICATION:

THE OWNER (LANDLORD) IS REQUIRED BY LAW TO PROVIDE, INSTALL AND MAINTAIN WINDOW GUARDS IN THE APARTMENT IF A CHILD OR CHILDREN 10 YEARS OF AGE OR YOUNGER IS, OR WILL BE, LIVING IN THE APARTMENT OR IS, OR WILL BE, REGULARLY PRESENT THERE FOR A SUBSTANTIAL PERIOD OF TIME IF THE TENANT GIVES THE OWNER (LANDLORD) A WRITTEN REQUEST THAT THE WINDOW GUARDS BE INSTALLED. THE OWNER (LANDLORD) IS ALSO REQUIRED, UPON THE WRITTEN REQUEST OF THE TENANT, TO PROVIDE, INSTALL AND MAINTAIN WINDOW GUARDS IN THE HALLWAYS TO WHICH PERSONS IN THE TENANT'S UNIT HAVE ACCESS WITHOUT HAVING TO GO OUT OF THE BUILDING. IF THE BUILDING IS A CONDOMINIUM, COOP- ERATIVE OR MUTUAL HOUSING BUILDING, THE OWNER (LANDLORD) OF THE APARTMENT IS RESPONSIBLE FOR INSTALLING AND MAINTAINING WINDOW GUARDS IN THE APARTMENT AND THE ASSOCIATION IS RE- SPONSIBLE FOR INSTALLING AND MAINTAINING WINDOW GUARDS IN HALLWAY WINDOWS. WINDOW GUARDS ARE ONLY REQUIRED TO BE PROVIDED IN FIRST FLOOR WINDOWS WHERE THE WINDOW SILL IS MORE THAN SIX FEET ABOVE GRADE OR THERE ARE OTHER HAZARDOUS CONDITIONS THAT MAKE INSTALLATION OF WINDOW GUARDS NECESSARY TO PROTECT THE SAFETY OF CHILDREN.

37. MEGAN'S LAW STATEMENT:

UNDER NEW JERSEY LAW, THE COUNTY PROSECUTOR DETERMINES WHETHER AND HOW TO PROVIDE NO- TICE OF THE PRESENCE OF CONVICTED SEX OFFENDERS IN AN AREA. IN THEIR PROFESSIONAL CAPACITY, REAL ESTATE LICENSEES ARE NOT ENTITLED TO NOTIFICATION BY THE COUNTY PROSECUTOR UNDER ME- GAN'S LAW AND ARE UNABLE TO OBTAIN SUCH INFORMATION FOR YOU. UPON CLOSING, THE COUNTY PROS- ECUTOR MAY BE CONTACTED FOR SUCH FURTHER INFORMATION AS MAY BE DISCLOSABLE TO YOU.

38.CONSUMER INFORMATION STATEMENT ACKNOWLEDGMENT: By signing below, the Landlord and Tenant acknowl- edge they received the Consumer Information Statement on New Jersey Real Estate Relationships from the brokerage firms involved in this transaction prior to the first showing of the Property.

39.DECLARATION OF LICENSEE BUSINESS RELATIONSHIP(S):

A. ________________________________________________________________________________________, (name of firm)

AND _________________________________________________________________________________ (name(s) of licensee(s))

AS ITS AUTHORIZED REPRESENTATIVE(S) ARE WORKING IN THIS TRANSACTION AS (choose one)

LANDLORD'S AGENTS TENANT'S AGENTS DISCLOSED DUAL AGENTS TRANSACTION BROKERS.

B. INFORMATION SUPPLIED BY _________________________________________________________(name of other firm)

HAS INDICATED THAT IT IS OPERATING IN THIS TRANSACTION AS A (choose one)

LANDLORD'S AGENT ONLY TENANT'S AGENT ONLY DISCLOSED DUAL AGENT TRANSACTION BROKER.

40.ACKNOWLEDGMENT OF TRUTH IN RENTING STATEMENT: (Applies to all Tenants with a rental term of at least one month living in residences with more than two dwelling units or more than three if the Landlord occupies one.) By signing below, Tenant acknowledges receipt of the booklet, “Truth In Renting - A guide to the rights and responsibilities of residential tenants and landlords in New Jersey”.

41.SMOKE DETECTORS, CARBON MONOXIDE ALARM AND PORTABLE FIRE EXTINGUISHER COMPLIANCE: The Certificate of smoke detectors, carbon monoxide alarm and portable fire extinguisher compliance (CSDCMAPFEC), as required by law, shall be the responsibility of the Landlord. If such alarms are battery operated, the Tenant shall be responsible for their maintenance.

42.PRIVATE WELL TESTING: (This section is applicable if the Property's potable water supply is provided by a private well for which testing of the water is not required by any State law other than the Private Well Testing Act (the “Act” - N.J.S.A. 58:12A-26 to 37). By March 14, 2004, and at least once every five years thereafter, the Landlord is required to test the potable water

NJAR® Form-125-7/12 Page 6 of 8

Tenant's

Landlord's

 

 

 

Initials: __________

Initials: __________

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supply for the Property in accordance with the Act. Within thirty (30) days after receiving the test results, the Landlord shall provide a written copy thereof to the Tenant. Also, the Landlord is required to provide a written copy of the most recent test results to any new tenant at the Property. If the Property is for “seasonal use or rental,” the Landlord shall either post the tests results in a readily visible location inside of the Property or provide a written copy thereof to the tenant. A “seasonal use or rental” means use or rental for a term of not more than 125 consecutive days for residential purposes by a person having a permanent place of residence elsewhere. By signing below, Tenant acknowledges receipt of a written copy of the test results, or in the case of a seasonal rental, if it has not received the test results, acknowledges the posting thereof inside of the Property in accordance with the Act.

43.MEGAN'S LAW REGISTRY: Buyer is notified that New Jersey law establishes an Internet Registry of Sex Offenders that may be accessed at www.njsp.org.

44.OTHER LEASE PROVISIONS, IF ANY:

NJAR® Form-125-7/12 Page 7 of 8

Tenant's

Landlord's

 

Initials: __________

Initials: __________

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WITNESS:

 

 

_____________________________________________

_____________________________________________

________________

 

Landlord

Date

_____________________________________________

_____________________________________________

________________

 

Landlord

Date

 

_____________________________________________

________________

 

Tenant

Date

 

_____________________________________________

________________

 

Tenant

Date

NJAR® Form-125-7/12 Page 8 of 8

Tenant's

Landlord's

 

Initials: __________

Initials: __________

THIS PAGE SHOULD BE KEPT SEPARATE FROM THE LEASE

VERIFICATION OF VERBAL WINDOW GUARD NOTIFICATION

This will verify that the below window guard notification was provided verbally at the time of lease signing to the undersigned tenant by the owner, lessor, agent, or other person who manages or controls the unit (“owner/representative”) and that the tenant was made aware of his/her right to request installation of window guards and understands this notification.

WINDOW GUARD NOTIFICATION:

THE OWNER (LANDLORD) IS REQUIRED BY LAW TO PROVIDE, INSTALL AND MAINTAIN WINDOW GUARDS IN THE APARTMENT IF A CHILD OR CHILDREN 10 YEARS OF AGE OR YOUNGER IS, OR WILL BE, LIVING IN THE APARTMENT OR IS, OR WILL BE, REGULARLY PRESENT THERE FOR A SUBSTANTIAL PERIOD OF TIME IF THE TENANT GIVES THE OWNER (LANDLORD) A WRITTEN REQUEST THAT THE WINDOW GUARDS BE INSTALLED. THE OWNER (LANDLORD) IS ALSO REQUIRED, UPON THE WRITTEN REQUEST OF THE TENANT, TO PROVIDE, INSTALL AND MAINTAIN WINDOW GUARDS IN THE HALLWAYS TO WHICH PERSONS IN THE TENANT'S UNIT HAVE ACCESS WITHOUT HAVING TO GO OUT OF THE BUILDING. IF THE BUILDING IS A CONDOMINIUM, COOPERATIVE OR MUTUAL HOUSING BUILDING, THE OWNER (LANDLORD) OF THE APARTMENT IS RESPONSIBLE FOR INSTALLING AND MAINTAINING WINDOW GUARDS IN THE APARTMENT AND THE ASSOCIATION IS RESPONSIBLE FOR INSTALLING AND MAINTAINING WINDOW GUARDS IN HALLWAY WINDOWS. WINDOW GUARDS ARE ONLY REQUIRED TO BE PROVIDED IN FIRST FLOOR WINDOWS WHERE THE WINDOW SILL IS MORE THAN SIX FEET ABOVE GRADE OR THERE ARE OTHER HAZARDOUS CONDITIONS THAT MAKE INSTALLATION OF WINDOW GUARDS NECESSARY TO PROTECT THE SAFETY OF CHILDREN.

DATED : ______________

___________________________________________________________________

 

TENANT (SIGNATURE)

 

___________________________________________________________________

 

TENANT (PRINT NAME)

DATED : ______________

___________________________________________________________________

 

TENANT (SIGNATURE)

 

___________________________________________________________________

 

TENANT (PRINT NAME)

DATED : ______________

___________________________________________________________________

 

OWNER/REPRESENTATIVE (SIGNATURE)

 

___________________________________________________________________

 

OWNER/REPRESENTATIVE (PRINT NAME )

NJAR® Veification Verbal- 7/12 copyright ©2012, New Jersey Association of REALTORS®, INC.

Document Specifications

Fact Number Description
1 The NJAR 125 7 12 form is a Standard Form of Residential Lease provided by the New Jersey Association of Realtors® designed for real estate leasing transactions within New Jersey.
2 This lease document becomes legally binding within three business days, offering a short period during which parties may consult an attorney for review and possible cancellation.
3 The lease includes a provision for attorney review, allowing either party to cancel the lease if their attorney does not approve it within a designated three-day review period.
4 It addresses specific tenant and landlord rights and responsibilities, including but not limited to rent, security deposits, utilities, maintenance, and access to the property.
5 Security deposits are regulated under the lease terms, adhering to the Rent Security Deposit Act (N.J.S.A. 46:8-19 et seq.), which stipulates requirements for handling, storing, and returning the deposits.
6 It contains clauses that are specific to New Jersey laws and regulations, including those pertaining to window guard notifications, lead-based paint document acknowledgment, and Megan's Law statement.
7 The lease requires mutual consent for any assignment or subletting of the premises, giving the landlord significant control over the occupancy of the rented property.

Detailed Steps for Using Njar 125 7 12

Filling out the NJAR 125 7 12 form, the Standard Form of Residential Lease by the New Jersey Association of Realtors, is an essential step in formalizing the agreement between a landlord and tenant for a residential property lease in New Jersey. This legally binding document outlines the terms and conditions of the lease, rights, and responsibilities of both parties, and becomes final within three business days, allowing for an attorney review period. It's crucial to complete this form thoroughly and accurately to ensure a clear understanding between the landlord and tenant and to prevent future disputes. Here are step-by-step instructions to assist in filling out the form:

  1. Start by entering the full names and addresses of the landlord(s) and tenant(s) at the top of the form.
  2. Under "CONDOMINIUM/CO-OPERATIVE RIGHT OF TERMINATION," leave as is since this is a pre-written legal statement required by law.
  3. For "PROPERTY," specify the type of residence (single-family home, apartment, condominium unit, or townhouse unit), including the apartment or unit number if applicable, and the full street address.
  4. Complete the "TERM" section by indicating the length of the lease in months or years, along with the start and end dates.
  5. Fill in the "RENT" section with the total rent amount for the term, the monthly rent, and the due date each month. Include the name and address where rent payments should be sent.
  6. Under "INITIAL DEPOSIT," detail any initial deposit amount, what it will be credited towards, and when the balance of the first month's rent and security deposit are due.
  7. In "SECURITY DEPOSIT," enter the amount, which cannot exceed one and one-half months' rent. Leave the rest of the text as is, as it contains statutory requirements for handling security deposits.
  8. Specify the "LATE PAYMENT PENALTY" details, including the day of the month a late charge applies and the amount or percentage of the late charge.
  9. For "ADDITIONAL RENT," leave this section as it details the consequences of tenant's failure to comply with the lease terms, which may result in landlord performing the obligations and charging the cost to the tenant as additional rent.
  10. "POSSESSION AND USE" through "BROKER'S COMMISSION" sections mostly contain default clauses. Review each carefully and fill in any necessary details, such as utilities responsibility and insurance requirements, according to the agreement between landlord and tenant.
  11. Finally, ensure both the landlord's and tenant's initials are on every page, signaling agreement to each section's terms.

Once completed and signed, this document stipulates the conditions under which the leased property is to be occupied. Remember, either party may seek legal counsel within three business days for review and potential cancellation. It is imperative both the landlord and tenant retain a copy of this fully executed form for their records. Following this process helps protect the rights and responsibilities of both parties throughout the lease term.

Learn More on Njar 125 7 12

What is the NJAR 125 7 12 form?

The NJAR 125 7 12 form is the Standard Form of Residential Lease used by the New Jersey Association of Realtors®. This comprehensive lease agreement outlines the terms and conditions under which a residential property is rented. It covers various aspects of the leasing arrangement including rent, security deposit, term of the lease, utility payments, tenants' and landlords' responsibilities, and other pertinent clauses like attorney review, pet policy, and inspection requirements.

Can the tenant or landlord terminate the lease early according to the NJAR 125 7 12 form?

Yes, certain provisions within the NJAR 125 7 12 form allow for early termination of the lease under specific circumstances. For example, the "Condominium/Co-operative Right of Termination" clause provides tenants with the possibility of termination upon 60 days' notice if the apartment is sold to a buyer who intends to occupy it. Additionally, both parties are allowed to consult and involve attorneys during the "Attorney Review Clause" period, during which the lease can be reviewed, and potentially canceled or amended, which could lead to early termination if agreed upon by both parties.

What obligations does the tenant have regarding the property's upkeep according to the NJAR 125 7 12 form?

According to the NJAR 125 7 12 form, the tenant has multiple responsibilities aimed at maintaining the property in good condition. These include, but are not limited to:

  • Repairing any damage caused by the tenant, their family, or guests.
  • Keeping the property clean, safe, and sanitary.
  • Handling lawn maintenance and keeping the exterior areas tidy.
  • Not engaging in any activity that could lead to a fire or other hazards.
  • Promptly reporting any issues that require repair to the landlord.

Failure to adhere to these responsibilities can result in financial penalties or, in extreme cases, eviction.

How does the security deposit work under the NJAR 125 7 12 form?

The security deposit section of the NJAR 125 7 12 form outlines how the deposit is to be handled, in compliance with the New Jersey Security Deposit Act. Key points include:

  1. The security deposit cannot exceed one and a half months' rent.
  2. The landlord must deposit it in a New Jersey banking institution or investment company and notify the tenant of the deposit details within 30 days of receipt.
  3. Interest earned on the security deposit must be paid to the tenant annually.
  4. Upon lease termination, the landlord has 30 days to return the security deposit, along with an itemized list of any deductions for damages, to the tenant.

This system is designed to protect both the tenant's and landlord's interests, ensuring the property is maintained properly and financial obligations are met.

Common mistakes

Filling out the New Jersey Association of REALTORS® Standard Form of Residential Lease (NJAR Form-125-7/12) correctly is crucial as even small errors can lead to significant issues. Here are seven common mistakes people make when completing this form:

  1. Skipping Sections: Some individuals overlook completing certain sections. Every part of the lease is designed to protect both parties, and failing to fill out sections can lead to misunderstandings or legal complications.
  2. Incorrect Information: Entering incorrect details about the property, parties involved, or lease terms can void the contract or lead to disputes. Accuracy is paramount when filling out any legal document.
  3. Not Specifying Terms Clearly: Terms related to rent, security deposits, utilities, and late fees must be spelled out explicitly to avoid any ambiguity. Vague terms can lead to disagreements during the lease term.
  4. Forgetting to Address Attachments: If there are addendums or schedules that accompany the lease (e.g., rules about pets or parking), these should be referenced directly in the lease and attached. Not doing so might make it difficult to enforce these rules.
  5. Overlooking the Attorney Review Clause: The lease allows for a three-day attorney review period. Some tenants or landlords skip this step, potentially missing the chance to clarify terms or negotiate adjustments.
  6. Failure to Provide Required Disclosures: The lease includes sections for disclosures such as lead-based paint or Megan’s Law Registry. Overlooking these required disclosures can result in legal penalties.
  7. Not including all Tenants: All adults living in the rental unit should be listed as tenants and sign the lease. Failing to do so can limit the landlord’s options for recourse if there are issues down the line.

To avoid these common errors, both landlords and tenants should:

  • Review each section of the lease carefully.
  • Ensure all data entered is correct and complete.
  • Consult with a lawyer during the attorney review period if there are any questions or concerns.

Attention to detail and the willingness to seek professional advice when needed can prevent most issues associated with filling out the NJAR 125 7 12 form.

Documents used along the form

When you're diving into the sea of paperwork involved in a rental agreement, particularly with the NJAR 125 7 12 form, you might feel overwhelmed by the tide of documents that ensure everything is comprehensively covered. Understanding each document's role in the rental process can illuminate the path through the bureaucratic process, ensuring that both landlords and tenants are informed and protected. Let's explore a few vital forms and documents that are often used alongside the NJAR 125 7 12 form.

  • Lead-Based Paint Disclosure Form: This critical document is a must when renting out properties built before 1978. It informs the tenant about the presence of any known lead-based paint and hazards in the property. It's not just for the sake of compliance; it's about ensuring the health and safety of the occupants.
  • Property Inspection Checklist: This form is used at both the beginning and end of the tenancy. It allows the landlord and tenant to document the condition of the property in detail, protecting both parties if there are disputes about damages or the security deposit at the end of the lease term.
  • Renters Insurance Acknowledgment: Although not always mandatory, this acknowledgment form is becoming increasingly common. It outlines the tenant's responsibility (or choice) to obtain renters insurance, providing protection for their personal belongings and potential liability.
  • Smoke Detector and Carbon Monoxide Detector Compliance Statement: Safety first! This document confirms that the property is equipped with working smoke and carbon monoxide detectors, which is required by law in many places. It's a simple form but an essential one for ensuring tenant safety.

Each of these documents plays its part in knitting a safety net that protects all parties involved in the leasing process. From lead paint to renters' insurance, they form a framework that supports clear communication and mutual agreement on responsibilities. Whether you are a landlord ensuring your property is leased out responsibly or a tenant seeking to make your house a home, understanding these complementary documents to the NJAR 125 7 12 form is a step toward a successful rental experience.

Similar forms

The Residential Lease Agreement is closely related to the Commercial Lease Agreement. Both documents outline terms and conditions for renting property, but the Commercial Lease Agreement specifically pertains to commercial property rentals. It includes provisions for rent, deposit amounts, lease duration, and usage, but focuses on business-related considerations like zoning for commercial use, modification for business needs, and adherence to local business regulations, distinguishing it from the residential-focused agreements.

Another similar document is the Sublease Agreement. This agreement comes into play when an existing tenant wants to rent out the leased property to a subtenant. Like the NJAR Standard Form of Residential Lease, it includes specifications on rent, deposits, and term of lease; however, it also requires the original tenant to ensure they have permission to sublet as per their primary lease terms and conditions, and it must detail the relationship between the original landlord, tenant, and subtenant.

The Month-to-Month Rental Agreement shares features with the NJAR form by setting the groundwork for property rental, but it differs in the flexibility of the lease term. Rather than a fixed period, this agreement allows either party to terminate the lease with proper notice, typically 30 days. This offers both tenants and landlords more flexibility but less long-term security than the fixed-term NJAR Standard Form of Residential Lease.

A Lease Renewal Agreement is an extension of an original lease agreement, similar to provisions within the NJAR form that might address lease renewal. This document modifies or continues the terms of the original lease, often without the need for a completely new document. It typically states the continuation of the leasing arrangement, any changes in rent, and the duration of the renewed lease, facilitating a straightforward extension of the tenant-landlord relationship.

The Lease Amendment Agreement allows parties to change specific terms in the existing lease without revoking the original agreement. Like the adaptability component in the NJAR lease, which may address changes in terms or addendums, a Lease Amendment Agreement might modify rent, repair obligations, or other conditions initially agreed upon, offering flexibility to adapt to new circumstances during the lease term.

The Lease Termination Agreement is used when both parties agree to end a lease before its designated expiration date, distinguishing it from standard clauses in the NJAR form detailing the term and termination process. This document outlines the terms under which the lease is concluded, handling of deposits, and any penalties or conditions agreed upon for early termination, ensuring a mutual agreement is documented for ending the lease prematurely.

The Co-signer Agreement is an addendum to a standard lease agreement, like the NJAR standard form, which involves a third party guaranteeing the obligations of a lease by the tenant. If the tenant fails to meet their lease obligations, including paying rent, the co-signer is held responsible. This document ensures additional financial security for the landlord, particularly when renting to individuals with limited rental or credit history.

The Pet Agreement is often an addendum to a residential lease agreement, specifying terms and conditions for keeping a pet on the premises. While the NJAR form might include a provision regarding pets, a detailed Pet Agreement outlines the type, number, and size of pets allowed, any additional security deposits required, and the tenant’s responsibilities for pet-related damages or disturbances, ensuring clear rules are set for pet ownership in a rental property.

Dos and Don'ts

Filling out the NJAR 125 7 12 form, a standard residential lease agreement, is a significant step in formalizing a landlord-tenant relationship. It is crucial to approach this task with diligence and awareness to ensure all parties understand their rights and obligations. Here are six dos and don'ts to consider:

Do:
  • Read every section thoroughly before signing to ensure understanding of all terms and conditions.
  • Ensure all blank spaces are filled out correctly, including names, addresses, lease term, rent amount, and any other specific details relevant to the property and lease agreement.
  • Check the attorney review clause and understand your rights to have an attorney review the lease within three business days.
  • Confirm details about the security deposit, including its amount, where it will be held, and the terms for its return after the lease expires.
  • Pay close attention to sections regarding the landlord's access to the property, maintenance responsibilities, and any rules or regulations specific to the property.
  • Obtain a copy of the signed lease agreement for your records once all parties have signed.
Don't:
  • Sign the lease without reading and understanding every part of it. If there is anything that you do not understand, ask questions or consult an attorney.
  • Leave any sections blank. If a section does not apply, write "N/A" (not applicable) to confirm that it was reviewed but does not apply to your specific agreement.
  • Ignore the attorney review clause. Take advantage of the opportunity to have the lease reviewed if you have any legal concerns or questions.
  • Forget to discuss and document any verbal agreements or promises made by the landlord that are not written in the lease.
  • Overlook the importance of documenting the condition of the property before moving in. This may include taking photos or videos and noting any existing damage to protect your security deposit.
  • Assume anything not written in the lease. All agreements regarding the property and your lease should be documented in the lease agreement.

Misconceptions

When discussing the New Jersey Association of Realtors® Standard Form of Residential Lease, known as the NJAR® Form-125-7/12, several misconceptions frequently arise. It's important to clarify these misunderstandings to ensure that both landlords and tenants are fully informed about their rights and obligations under this contract.

  • Misconception 1: The lease becomes legally binding as soon as it is signed by both parties. Fact: While the lease does indeed become legally binding when signed, there is a three-day attorney review period during which either party can cancel the agreement with the help of an attorney.

  • Misconception 2: Tenants can use the security deposit as the last month's rent. Fact: The security deposit cannot be applied to rent without the landlord's written consent. It is intended to cover damages beyond normal wear and tear or other lease violations.

  • Misconception 3: The landlord can enter the property at any time without notice. Fact: The landlord must provide reasonable notice before entering the property, except in emergencies or if the lease agreement specifies situations allowing for different arrangements.

  • Misconception 4: Pets are not allowed under any circumstances. Fact: Pets may be allowed if the landlord provides written consent, and this consent can be at the landlord's discretion.

  • Misconception 5: The landlord is responsible for all property repairs and maintenance. Fact: While landlords are responsible for maintaining the property's vital facilities, tenants are responsible for damage caused by their negligence and for keeping the property clean and safe.

  • Misconception 6: Tenants can make alterations to the property without consent. Fact: Tenants need the landlord's written approval before making any alterations, installations, or improvements to the property.

  • Misconception 7: A tenant can sublet the property or assign the lease without the landlord's permission. Fact: Subletting or assigning requires the landlord's prior written consent, and the landlord has the right to refuse.

  • Misconception 8: The tenant automatically forfeits their security deposit if they break the lease. Fact: The landlord can use the security deposit for damages or unpaid rent, but they must return any remaining portion of the deposit with an itemized list of deductions.

  • Misconception 9: Renters insurance is optional. Fact: While not always mandated by the lease, renters insurance is strongly recommended to protect the tenant's personal property and for liability coverage.

  • Misconception 10: The lease does not allow for early termination under any circumstances. Fact: The lease may include specific clauses that permit early termination under certain conditions, such as a job relocation or military service.

Understanding these key aspects of the NJAR® Form-125-7/12 can help prevent disputes and ensure a fair and transparent relationship between landlords and tenants.

Key takeaways

Understanding the NJAR 125 7 12 form, a Standard Form of Residential Lease used by the New Jersey Association of Realtors®, necessitates attention to its comprehensive stipulations that govern the rental agreement between landlord and tenant. Here are six key takeaways pivotal for correctly filling out and utilizing this form:

  • The linked responsibilities and rights of landlords and tenants are explicitly outlined across various clauses, indicating the necessity for both parties to thoroughly review the document to ensure obligations under the lease are clear.
  • Initial deposits and security deposits are treated with specific regard, demanding tenants to comply with stated terms, and obligating landlords to adhere to the Rent Security Deposit Act. Such measures are in place to protect both parties’ interests.
  • Late payment penalties and the handling of additional rent highlight the importance of timely rent payments and establish the conditions under which additional fees or charges may be incurred, emphasizing the need for tenants to adhere to payment schedules.
  • The lease agreement specifies conditions regarding the possession and use of the property, utility responsibilities, and prohibitions against alterations without permission, underlining the tenant’s obligation to maintain the property in accordance with the lease's terms.
  • Mandatory attorney review clause ensures that both the landlord and the tenant have the opportunity to have the lease reviewed by an attorney within three business days, a provision designed to afford legal protection and the chance to negotiate or clarify terms before the lease becomes binding.
  • The conditions under which the lease may be renewed or terminated are clearly delineated, providing a structured approach to lease extension and highlighting the necessity for timely communication regarding renewal intentions or lease termination.

Giving appropriate attention to these takeaways can significantly streamline the leasing process, ensuring compliance with New Jersey laws and fostering a mutually beneficial landlord-tenant relationship. Compliance with the detailed aspects of the NJAR 125 7 12 form not only safeguards the rights and duties of both parties but also contributes to a transparent and effective leasing arrangement.

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