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The New Jersey Association of Realtors® Standard Form of Residential Lease, identified as NJAR® Form-125-7/12, serves as a comprehensive legally binding document designed to govern the lease agreements between landlords and tenants for residential properties in New Jersey. Crafted with careful consideration to both parties' needs and legal obligations, the form encapsulates essential terms of lease arrangements, including but not limited to, property details, lease term, rent, security deposit, and utilities, alongside stipulating landlord and tenant responsibilities in terms of maintenance, repairs, and alterations. It highlights critical clauses such as the attorney review clause, providing a three-day window for legal counsel review to either party, thereby ensuring that all signatories have the opportunity to understand fully and negotiate the terms before finalization. Additionally, the form addresses specific scenarios like property inspection, insurance requirements, conditions upon termination, renewal options, and compliance with local laws and regulations. Importantly, it integrates special provisions such as pet policies and accommodation of lead-based paint acknowledgment, which are pertinent to residential leases, making it a quintessential document for real estate transactions in New Jersey.

Preview - 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.

Form Data

Fact Description
Form Identification NJAR Form-125-7/12 is the Standard Form of Residential Lease created by the New Jersey Association of REALTORS®.
Legal Nature This document is legally binding and becomes final within three business days, highlighting the importance of understanding its terms or consulting an attorney.
Governing Law The lease adheres to specific New Jersey laws, including the Rent Security Deposit Act, indicating the need to comply with local regulations and statutes.
Key Provisions The form includes clauses on security deposits, late payment penalties, and the rights to terminate the lease, providing protections and obligations for both landlord and tenant.

Instructions on Utilizing Njar 125 7 12

After receiving the NJAR 125 7 12 form, it's critical to fill it out meticulously before the lease becomes final. This document, a standard form of residential lease provided by the New Jersey Association of Realtors, outlines the rights and responsibilities of the landlord and tenant. Within three business days, you have the chance to have this lease reviewed by an attorney who can cancel the agreement if necessary. Here’s a straightforward step-by-step guide to complete the form accurately.

  1. Start by entering the full names and addresses of both the landlord and the tenant on the designated lines.
  2. Under "Condominium/Co-operative Right of Termination," read the statement carefully as it explains specific rights regarding termination of the lease in special circumstances.
  3. For the "Property" section, clearly specify the type of property being leased (single family home, apartment, condominium, townhouse) including the unit number (if applicable) and provide the complete street address.
  4. In the "Term" field, indicate the duration of the lease in months or years. Fill in the starting and ending dates of the term lease agreement.
  5. The "Rent" section requires you to enter the total rent amount for the term, monthly rent amount, and the name and address where rent should be paid.
  6. For "Initial Deposit," specify the amount and date received, and how it will be credited (towards first month's rent or security deposit). Complete the amounts due for the first month's rent and security deposit, including due dates.
  7. "Security Deposit" - write the security deposit amount, which cannot exceed one and a half months’ rent. Note the compliance with the Rent Security Deposit Act regarding this deposit.
  8. In "Late Payment Penalty," enter the day of the month by which rent is considered late and the late charge amount.
  9. Under "Additional Rent," describe circumstances under which the landlord may charge additional rent.
  10. For "Possession and Use," confirm the landlord gives possession to the tenant and specify the lawful use of the property.
  11. "Utilities" - List which utilities the tenant is responsible for and which will be provided by the landlord.
  12. "No Assignment or Subletting" emphasizes the tenant cannot sublease or assign the lease without the landlord’s consent.
  13. "Violation, Eviction, and Re-entry" provides details on eviction processes for lease violations.
  14. Detail the "Damages" responsibility of the tenant in case of lease breach.
  15. "Quiet Enjoyment" reassures the tenant’s right to enjoy the property without interference.
  16. In "Tenant's Repairs and Maintenance," list the tenant's responsibilities concerning the property’s upkeep.
  17. "Landlord Repairs" outlines the landlord’s obligations for property maintenance and repairs.
  18. "Access to the Property" specifies conditions under which the landlord may access the property.
  19. Indicate any "No Alterations or Installation of Equipment" policies.
  20. For "Inspection" and "Insurance" sections, comply with requirements for property inspections and tenant insurance.
  21. "Fire and Other Casualty" and "Liability of Landlord and Tenant" sections outline procedures and liabilities in case of damages or injuries.
  22. If applicable, detail the "Pets" policy, including any restrictions or requirements for having pets on the property.
  23. "Notices," "No Waiver," and "Severability" sections address communication protocols, enforcement of lease terms, and legality of the lease clauses.
  24. In "Renewal of Lease" and "End of Term," specify conditions for lease renewal and expectations at the lease end.
  25. If the property is part of an association, ensure compliance with "Association Bylaws, Rules and Regulations."
  26. Confirm the lease agreement is "Binding" and represents the "Entire Agreement" between the landlord and tenant.
  27. Review the "Attorney Review Clause," "Broker's Commission," and other supplementary sections for any additional terms or conditions relevant to your lease.
  28. Ensure both the tenant and landlord initial each page, sign, and date the last page of the form to validate the agreement.

Accurately completing this form ensures that both the landlord and tenant are clear about the terms of the lease, protecting the rights and responsibilities of each party. Remember to review each section carefully and consult with an attorney during the review period if there are any concerns or questions about the lease agreement.

Obtain Answers on Njar 125 7 12

  1. What is the NJAR 125 7 12 form?

    The NJAR 125 7 12 form is the New Jersey Association of Realtors® Standard Form of Residential Lease. It is a legally binding document that outlines the obligations and rights of both the landlord and the tenant entering a lease agreement for residential property in New Jersey. This comprehensive form covers various aspects of the leasing arrangement, including terms, rent, security deposit, and rules about the use and maintenance of the property, among others.

  2. Does the lease become final immediately upon signing?

    No, the lease does not become final immediately upon signing. There is a provision for a three-business-day attorney review period during which either the landlord or the tenant may consult an attorney who can review and cancel the lease. This period is designed to protect both parties, ensuring they fully understand their rights and obligations under the lease before it becomes legally binding.

  3. How is the security deposit handled according to the NJAR 125 7 12 form?

    According to the form, the tenant pays a security deposit not to exceed one and one-half months' rent. The landlord must comply with the Rent Security Deposit Act, ensuring the deposit is placed in a New Jersey bank or investment company. Within 30 days of receiving the deposit, the landlord must notify the tenant of the bank details, account type, deposit amount, and interest rate. The act also mandates the return of the deposit plus any accrued interest (minus any lawful deductions for damage) within 30 days of lease termination. Failure by the tenant to comply with the lease terms allows the landlord to use the deposit for covering those breaches. The landlord must also transfer the security deposit to a new owner if the property is sold, with notification sent to the tenant.

  4. What is the attorney review clause in the NJAR 125 7 12 form?

    The attorney review clause allows either the tenant or the landlord to have an attorney review the lease within three business days from the date of its delivery to both parties. Saturdays, Sundays, and legal holidays are not counted in this period. If, within this period, an attorney disapproves of the lease, they must notify the broker(s) and the other party by certified mail, telegram, or personal delivery. If no disapproval is communicated within this time frame, the lease becomes legally binding as written. This clause provides an important safeguard, ensuring that both parties have the opportunity to seek legal advice before finalizing the agreement.

Common mistakes

Filling out legal forms correctly is crucial to ensure that agreements are valid and reflect the intentions of all parties involved. Unfortunately, when people fill out the NJAR 125 7 12 form, which is the standard form of residential lease provided by the New Jersey Association of Realtors®, they often make mistakes. Recognizing and avoiding these common errors can save time, avoid potential legal issues, and ensure that the leasing process proceeds smoothly.

  1. Not consulting an attorney during the three-day review period: The lease becomes legally binding three days after it is signed unless an attorney reviews and disapproves of it. Many tenants and landlords skip this crucial step, which can lead to issues later if parts of the lease are not in their favor or are unclear.

  2. Incorrectly filling out the property section: Misidentifying the property by providing an incomplete address, incorrect unit number, or unclear description can lead to confusion over what property is actually being leased.

  3. Omitting details in the "term" section: Failing to specify the exact start and end dates of the lease term can lead to disputes about when the tenant is supposed to vacate the property.

  4. Not itemizing the initial deposit correctly: It's critical to clearly mark what portion of the initial deposit applies to the first month's rent and what portion applies to the security deposit. Confusion here can lead to disagreements over payments at the beginning of the lease term.

  5. Mishandling the security deposit: Landlords must comply with specific requirements regarding where the security deposit is held and how it's accounted for. Failure to correctly complete these sections can lead to legal violations.

  6. Failing to accurately state the rent amount and due dates: Mistakes in the section specifying the rent, its due date each month, and where and to whom it should be paid can cause payment issues throughout the term of the lease.

  7. Not detailing the conditions for renewing or terminating the lease: Skipping or being vague in sections that outline the process for lease renewal or the conditions under which the lease can be terminated can result in misunderstandings as the lease nears its end.

To avoid these common mistakes, both landlords and tenants should thoroughly review each section of the NJAR 125 7 12 form before signing. Paying attention to detail and seeking clarification or legal advice when necessary can help ensure that the lease agreement accurately reflects the terms agreed upon by both parties.

Documents used along the form

When preparing to sign a residential lease like the NJAR® Form-125-7/12, understanding the accompanying documents you might encounter is crucial. These documents play vital roles in the leasing process, from ensuring the security of the transaction to complying with legal requirements. They help outline the responsibilities and rights of both the tenant and the landlord, aiming for a transparent and fair housing agreement. Below are six forms and documents often used in conjunction with the NJAR® 125 7 12 Form:

  • Property Inspection Report: This document details the condition of the property at the time of lease commencement. It serves to protect both tenant and landlord interests, highlighting any existing damages to ensure that the tenants are not held accountable for pre-existing conditions.
  • Renters Insurance Policy: While not always mandatory, many landlords require tenants to provide proof of renters insurance. This insurance covers personal property within the rented space and can offer liability coverage, offering peace of mind and protection for both parties.
  • Lead-Based Paint Disclosure: For properties built before 1978, federal law mandates the disclosure of lead-based paint hazards. This form informs tenants about the presence of lead-based paint in the property and includes important safety and hazard information.
  • Guarantor Form: If the tenant's income or credit history does not meet the landlord’s requirements, a guarantor form might be needed. This document is an agreement whereby a guarantor (often a family member or close friend) agrees to take financial responsibility should the tenant fail to pay rent.
  • Move-In/Move-Out Checklist: Similar to the Property Inspection Report, this checklist provides a detailed record of the property’s condition at both move-in and move-out. It helps determine if there have been any damages during the tenant's occupancy, which might affect the security deposit.
  • Smoke Detector and Carbon Monoxide Detector Certification: Landlords must ensure that smoke detectors and carbon monoxide detectors are installed and working in the rented property. This form certifies that the landlord has complied with these safety requirements.

Together, these documents ensure that the terms of the NJAR® 125 7 12 lease agreement are clearly understood and agreed upon by all parties involved. They provide a framework for a transparent and legally sound agreement, helping to prevent misunderstandings and disputes during the tenancy. It’s important for both tenants and landlords to familiarize themselves with these forms to ensure a smooth and agreeable lease term.

Similar forms

  • Residential Lease Agreement: This document is the primary comparison to the NJAR 125 7 12 Form since both serve as legally binding agreements between landlords and tenants for the lease of residential property. They each outline the terms of the lease, including duration, rent, security deposit, and obligations of both parties regarding maintenance and utility payments.

  • Security Deposit Receipt: Similar to sections of the NJAR form that detail security deposit handling, a Security Deposit Receipt specifically provides proof of a tenant's security deposit payment. This document outlines the amount, purpose, and terms under which the deposit will be held and possibly refunded, aligning with the NJAR form's requirements to comply with local housing laws regarding security deposits.

  • Lead-Based Paint Disclosure: The NJAR form includes a segment acknowledging the existence of lead-based paint if the property was built before 1978, akin to a stand-alone Lead-Based Paint Disclosure. This disclosure is federally required and informs tenants about the potential presence of lead-based paint and provides an EPA-approved pamphlet on preventing lead poisoning.

  • Pet Agreement Addendum: Similar to the pet acknowledgment section of the NJAR 125 7 12 Form, this document is an addendum to a residential lease agreement that specifies the terms and conditions by which a tenant is allowed to have pets in the rental property. It includes details like the number of pets, type, breed, and any additional security deposit requirements.

  • Property Inspection Checklist: Comparable to the NJAR form's inspection and damages sections, this checklist is used at move-in and move-out to document the condition of the property. This process helps determine what, if any, part of the security deposit will be withheld for repairs beyond normal wear and tear.

  • Megan's Law Disclosure Statement: Similar to the Megan's Law Statement in the NJAR Form, which notifies tenants about the availability of information on registered sex offenders, a stand-alone Megan’s Law Disclosure provides similar information, meeting state-specific requirements to inform tenants.

  • Sublease Agreement: Related to the NJAR form’s section on assignment and subletting, a Sublease Agreement is a separate contract that allows a tenant to rent out the leased premises to another individual, under certain conditions set forth originally in the master lease agreement.

  • Smoke Detector and Carbon Monoxide Detector Compliance Statement: This document parallels the section in the NJAR form that requires landlords to verify the installation of smoke detectors and carbon monoxide detectors. It is a declaration that the property complies with local safety ordinances, ensuring that the rental is equipped with working detectors.

  • Attorney Review Clause Addendum: Echoing the NJAR form's attorney review clause, this addendum grants parties the right to have the lease reviewed by an attorney within a specific period. It reinforces the importance of legal review to potentially amend terms before finalizing the agreement.

Dos and Don'ts

Understanding the nuances of a residential lease, particularly the New Jersey Association of Realtors® Standard Form of Residential Lease (NJAR 125 7 12), requires careful attention to details. Whether you're a first-time renter or have been leasing properties for years, it's crucial to grasp the responsibilities and rights that come with signing such a document. To assist you, here's a straightforward list of dos and don'ts:

  • Do thoroughly review every section of the lease agreement to ensure you understand the terms, including rental payments, security deposit, pet policies, and landlord’s access for inspections. Understanding these components is key to a successful tenant-landlord relationship.
  • Don't rush to sign the lease without reading it carefully. It's a legally binding document, and skipping parts can lead to misunderstandings or assumptions that may not be in your favor.
  • Do consider the attorney review clause. This provision allows you or the landlord to have an attorney review the lease within three business days. Utilizing this period can provide peace of mind and protection from potentially unfavorable terms.
  • Don't ignore the importance of the security deposit details. New Jersey law has specific requirements for handling and returning these funds. Ensure the lease clearly outlines these processes, including any conditions under which the landlord can deduct from the deposit.
  • Do document the condition of the property at move-in. Taking photos or videos can help provide evidence if there’s a dispute over damages that could impact your security deposit.
  • Don't make alterations or install equipment in the property without written permission from the landlord, as specified in the lease. Unauthorized changes could lead to deductions from your security deposit or other penalties.
  • Do adhere to the terms regarding rent payment deadlines, and late payment penalties. Timely payments help maintain a positive landlord-tenant relationship and avoid unnecessary fees.
  • Don't overlook the rules regarding pet ownership, subletting, or assignments. The lease will clearly state whether these are allowed and under what conditions.
  • Do communicate promptly and in writing with your landlord about any necessary repairs or maintenance issues, complying with the lease provisions for reporting such problems.

Successfully navigating your lease involves understanding these key points and maintaining open communication with your landlord. This approach promotes a harmonious living situation and protects your rights as a tenant.

Misconceptions

When it comes to leasing agreements, misconceptions can complicate the process and create misunderstandings between landlords and tenants. Below are nine common misconceptions about the New Jersey Association of Realtors (NJAR) 125 7 12 form, also known as the Standard Form of Residential Lease, and the explanations to clarify them.

  • Misconception 1: Signing the lease immediately makes it legally binding, leaving no room for reconsideration or changes. Reality: The lease includes an attorney review clause, granting both parties three business days to consult with an attorney who can review and cancel or suggest changes to the lease.
  • Misconception 2: The tenant can move out at any time without facing any consequences. Reality: If a tenant decides to move out before the lease term ends without the landlord's agreement, they may be liable for damages, including lost rent and costs associated with re-renting the property.
  • Misconception 3: The landlord can enter the rented property at any time without notice. Reality: The landlord must provide reasonable notice before entering the property, except in emergencies or if the tenant is away for an extended period.
  • Misconception 4: The security deposit can be used as the last month's rent. Reality: The security deposit cannot be applied to rent unless the landlord gives written consent. It is primarily meant to cover damages beyond normal wear and tear.
  • Misconception 5: Tenants are responsible for all property repairs and maintenance. Reality: While tenants must handle repairs and damages caused by their negligence and maintain the property in a clean condition, the landlord is responsible for vital facility repairs such as heating, plumbing, and electrical systems.
  • Misconception 6: Pets are automatically allowed in the rental property. Reality: Pets are only permitted with the prior written consent of the landlord, who may withhold consent at their discretion.
  • Misconception 7: The lease cannot be terminated early under any circumstances. Reality: Both parties have rights under specific conditions, such as a tenant's right to terminate if the property is not delivered at the start of the lease, or in cases of uninhabitability due to damage or disaster.
  • Misconception 8: Renters insurance is optional. Reality: Tenants are responsible for obtaining their own insurance to cover personal property and liability, providing protection against personal property loss and potential legal liabilities.
  • Misconception 9: The lease’s terms and conditions are final and cannot be negotiated. Reality: Before the lease becomes binding, tenants and landlords have the opportunity, particularly during the attorney review period, to negotiate terms or propose changes to the agreement.

Understanding the NJAR 125 7 12 form is crucial for both landlords and tenants. It ensures a clear agreement, fair practices, and a mutual understanding of each party's rights and obligations under the lease, thereby preventing conflicts and ensuring a smooth rental experience.

Key takeaways

Filling out and using the NJAR® Form 125 7/12, the standard form of residential lease provided by the New Jersey Association of Realtors®, requires careful attention to detail. This form is a legally binding document that outlines the rights and responsibilities of both the landlord and tenant. Below are key takeaways to consider:

  • The lease becomes final within three business days, giving parties a short window for attorney review. Consulting an attorney within this period allows for the review, and if necessary, cancellation of the lease agreement based on the attorney's advice.
  • It is crucial to specify all relevant details about the property being leased, including the type of unit being rented and its exact address to avoid any future disputes regarding the leased premises.
  • The lease term, including start and end dates, must be clearly defined. If possession of the property is not available on the start date, the lease provides specific terms regarding adjustments to the lease term and obligations during the delay.
  • Rent specifics, including the monthly amount, due date, and where to send payments, should be clarified to ensure timely and proper payment throughout the lease term.
  • The security deposit amount, which cannot exceed one and a half months' rent, is outlined with specific instructions for handling, holding, and returning the deposit following New Jersey law.
  • Conditions under which the landlord may access the property for inspections, repairs, or showing to prospective buyers or tenants are detailed, balancing the tenant's right to privacy with the landlord's need to maintain the property.
  • Restrictions on alterations or installations by the tenant underscore the necessity of obtaining the landlord's written consent before making changes to the leased property to avoid potential conflicts or financial liabilities.
  • The importance of an attorney review clause is emphasized, providing both landlord and tenant the opportunity to have the lease reviewed by legal counsel to ensure the agreement meets their needs and complies with applicable laws before it becomes binding.

Understanding and adhering to the specifications laid out in the NJAR® Form 125 7/12 is essential for both parties to ensure a clear, fair, and legally compliant residential leasing arrangement.

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