Paterson New Jersey Lease Purchase Agreements Package

State:
New Jersey
City:
Paterson
Control #:
NJ-P033-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains the forms that are necessary for sellers and purchasers to enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand. With this package, you will find the essential forms to assist you in successfully entering into and executing a commitment to purchase or sell real property. The documents in this package include the following:


1) Contract for Lease and Mandatory Purchase of Real Estate-Specific Performance Clause;


2) Contract for Lease and Purchase of Real Estate- Purchase by Date or Leave;


3) Personal Guaranty of Contract for the Lease and Purchase of Real Estate; and


4) Residential Real Estate Sales Disclosure Statement.


Purchase this package and save up to 30% over purchasing the forms separately!


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  • Preview New Jersey Lease Purchase Agreements Package
  • Preview New Jersey Lease Purchase Agreements Package

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FAQ

State Contracts To obtain a State contract, vendors compete for an award by responding to a Request for Proposal (RFP) when issued by the Division of Purchase and Property. RFPs are posted on the Division's website. RFPs are also posted on the NJSTART website.

Property law NJSA -27 states that landlords who lease properties to tenants must: Submit a Landlord Identity Registration Form, or. Obtain a Certificate of Registration from the Bureau of Housing Inspection of the Department of Community Affairs.

Landlords have a duty under New Jersey landlord-tenant law to maintain their rental property in a safe and decent condition. This duty applies to all leases, whether written or oral. The duty to keep rental units safe and decent is called the warranty of habitability.

The right to know the identity of your landlord. The right to live in the property undisturbed. The right to see the property's energy performance certificate (EPC), which, except in very specific circumstances, should be rated a minimum of E. The right to be protected from unfair rent and unfair eviction.

Notice Requirements for New Jersey Landlords In New Jersey, landlords must have a just cause to terminate a tenancy, and must provide at least one month's notice and specify the date on which your tenancy will end.

State Contracts To obtain a State contract, vendors compete for an award by responding to a Request for Proposal (RFP) when issued by the Division of Purchase and Property. RFPs are posted on the Division's website. RFPs are also posted on the NJSTART website.

State law regulates several rent-related issues, including late fees, the amount of notice (at least 30 days in New Jersey) landlords must give tenants to raise the rent and how much time (30 days in New Jersey) a tenant has to pay overdue rent or move before a landlord can file for eviction.

There are a few different ways you can go about this: Register with Federal Business Opportunities (FedBizOpps) to search and bid on open opportunities. Search the Government Services Administration (GSA) Schedules program.Check out SUB-Net, where you can find subcontracting opportunities.

Tenant rights grant them the ability to seek housing without any kind of discrimination from their landlord, as well as to ensure habitable housing conditions. New Jersey landlord-tenant law also allows tenants to request property repairs on time.

After giving a Notice to Quit, the landlord may file suit for an eviction. If a suit for eviction is filed and the landlord wins his case, he may be granted a Judgment for Possession. A Judgment for Possession ends the tenancy and allows the landlord to have the tenant evicted from the rental premises.

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Paterson New Jersey Lease Purchase Agreements Package