Lease Buyout Legalities Nj
Summary
In New Jersey, tenants have the right to negotiate a lease buyout, and landlords cannot force acceptance. A 30-day notice typically means the tenant is responsible for rent during that period, even if they move out early. Consult a local attorney for specific guidance.Full Conversation
I have a question about a lease buyout
Hello Melissa, I'd be happy to help with your lease buyout question. Could you please tell me where you're located as laws can vary by location?
NJ
Hi Melissa, New Jersey has specific laws regarding lease buyouts:
- Tenant has the right to negotiate lease buyout.
- Landlord cannot force tenant to accept the buyout.
Can you provide more details so I can give more specific information?
I want to do a lease buy out and I’m being told that after the 30 day move out notice even if I move out in 3 days I have to pay that whole month rent
Hi Melissa, in New Jersey:
- Generally, a *-day notice means you're responsible for the rent of those 30 days.
- Early move-out doesn't exempt the rent due for the notice period.
Please consult with a local attorney for specifics.