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New Jersey Residential Lease Agreement

New Jersey Residential Lease Agreement
New Jersey Residential Lease Agreement
THIS LEASE AGREEMENT (hereinafter referred to as the "Agreement") made and entered into this ____________ day of
____________________________, 20____, by and between
_____________________________________________________________________ (hereinafter referred to as "Landlord") and
_____________________________________________________________________ (hereinafter referred to as "Tenant").
WHEREAS, Landlord is the fee owner of certain real property being, lying and situated in _______________ County, New Jersey,
such real property having a street address of ______________________________________________________________ (hereinafter
referred to as the "Premises").
WHEREAS, Landlord is desirous of leasing the Premises to Tenant upon the terms and conditions as contained herein; and
WHEREAS, Tenant is desirous of leasing the Premises from Landlord on the terms and conditions as contained herein;
NOW, THEREFORE, for and in consideration of the covenants and obligations contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
1. TERM. Landlord leases to Tenant and Tenant leases from Landlord the above described Premises together with any
and all appurtenances thereto, for a term of __________________ [specify number of months or years], such term
beginning on __________________, and ending at 12 o'clock midnight on ______________________.
2. RENT. The total rent for the term hereof is the sum of
______________________________________________________________ DOLLARS ($____________) payable on
the ______ day of each month of the term, in equal installments of
______________________________________________________________ DOLLARS ($_____________), first and
last installments to be paid upon the due execution of this Agreement, the second installment to be paid on
_______________________. All such payments shall be made to Landlord at Landlord's address as set forth in the
preamble to this Agreement on or before the due date and without demand.
3. SECURITY DEPOSIT. Upon the due execution of this Agreement, Tenant shall deposit with Landlord the sum of
_________________________________________________________ DOLLARS ($______________) receipt of
which is hereby acknowledged by Landlord, as security for any damage caused to the Premises during the term hereof.
Interest on Security Deposits. In accordance with New Jersey law (NJSA Section 46:8-19), Landlord will pay Tenant
interest on Tenant's security deposit, less any service fee charged by the bank or investment company. Interest will be
paid annually on the anniversary of Tenant's Lease in cash or as a credit towards rent due. Further, Landlord will
annually notify Tenant of certain information concerning the security deposit: the name of the bank where the security
deposit is held, the type of account in which the funds are deposited, and the account's interest rate. Landlord is
prohibited from increasing the amount of the security deposit by more than ten (10) percent per year.
Timing of Return of Security Deposit. Within thirty (30) days after the end of Tenant's Lease term, Landlord will return
Tenant's security deposit to Tenant, plus any accrued interest and less any allowed deductions. Interest and any
deductions will be itemized. Tenant's security deposit or the balance thereof after deductions will be returned to Tenant
by personal delivery or registered or certified mail.
4. USE OF PREMISES. The Premises shall be used and occupied by Tenant and Tenant's immediate family, consisting
of ______________________ __________________________ ____________, exclusively, as a private single family
dwelling, and no part of the Premises shall be used at any time during the term of this Agreement by Tenant for the
purpose of carrying on any business, profession, or trade of any kind, or for any purpose other than as a private single
family dwelling. Tenant shall not allow any other person, other than Tenant's immediate family or transient relatives and
friends who are guests of Tenant, to use or occupy the Premises without first obtaining Landlord's written consent to
such use. Tenant shall comply with any and all laws, ordinances, rules and orders of any and all governmental or
quasi-governmental authorities affecting the cleanliness, use, occupancy and preservation of the Premises.
New Jersey Residential Lease Agreement