New Jersey Month to Month Lease Agreement
The New Jersey Month to Month Lease Agreement establishes tenancy of a rental property with no predetermined end-date. A variation of a standard lease, the monthly contract is structurally similar, only differing in sections relating to term length. Benefits of the monthly lease (for landlords) include it: 1) it is more profitable than standard leasing (higher rent can be charged), 2) the quality of the property can be better maintained (allows landlords to consistently inspect it between new tenants), and 3) tenants can be evicted at any time for any reason, with a notice of only one (1) month.
Prior to signing a monthly lease, the property manager should require all tenant applicants to complete and return a rental application. This allows the landlord a means of screening the applicants to ensure only those with a worthy credit score and background check are permitted to enter into a lease.
Statute: NJ 2A:18-56
Required Notice to Terminate: One (1) month of notice provided by either party.