Renters in New Jersey often encounter the challenge of comprehending and maneuvering through the intricate rent increase laws. Although the state lacks a uniform rent control ordinance, different municipalities have established their own rules to manage rent hikes.
This guide aims to offer a thorough summary of New Jersey’s rent increase laws, equipping renters with the information necessary to safeguard their rights.
In New Jersey, rent control measures are determined by local governments instead of being state-wide. This leads to variations in rent increase rules across different municipalities. For example, cities like Atlantic City, Elizabeth, Edison, Lakewood, and Jersey City have set specific caps on rent increases, while others have no such restrictions.
Landlords in New Jersey are required to provide tenants with written notice of any rent increase. The notice period varies depending on the municipality and the type of lease agreement.
For month-to-month leases, the notice period is typically one month, while for fixed-term leases, the notice period may be longer. The notice must clearly state the new rent amount and the effective date of the increase.
In February 2022, Assembly Bill 2390 was introduced in the New Jersey Legislature. If passed, this bill would impose a statewide 5% cap on rent increases, with an additional 10% or the percentage change in the cost of living (whichever is lower) also being factored in. This bill is currently under consideration and could potentially impact future rent increases across the state.
Rent increase laws in New Jersey change as per the municipality. For areas with rent control laws, there’s a separate limit on how much rent can go up. Like in Elizabeth, a one-year lease can only grow by 4%. But in Lakewood, if you rent month-to-month, it can only go up by 2.5%.
In municipalities without these laws, landlords still need to be fair with rent increases. Increases can’t just be random or too much. They need good reasons, such as changes in the market, improvements to the property, or high costs for upkeep.
In New Jersey, a landlord can typically raise rent when a lease is up for renewal or by giving proper notice under the terms of the lease agreement, which is usually 30 days for month-to-month leases or as specified in a longer-term lease.
New Jersey does not have a statewide rent control law that sets specific limits on rent increases. However, some municipalities in New Jersey have their own rent control ordinances that may impose limits on rent increases.
Here are some of the cities with rent control laws in New Jersey:
Here are a few ways to have a fixed-rent agreement in New Jersey:
Understanding New Jersey’s rent increase laws is essential for both landlords and tenants. Tenants have the right to reasonable notice and protection from discriminatory or excessive rent increases, while landlords need to follow the established legal framework.