Landlord
New Jersey Rent Increase Laws
Across the country, rental rates are skyrocketing among all unit classes. From simple studio apartments to beautiful suburban homes, a 15 to 20% increase in rental rates is not unheard of. This scenario is causing tension between landlords and their tenants. As a property owner, you may be tempted to hop on the rent-increase wagon for your New Jersey rental, but there are some considerations you should make to ensure you are doing so lawfully and wisely.