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Question for NJ coops. Our building is trying to deal with arrears by renters in units owned by our building. My question is, if someone is in arrears for many months and it is apparent they can no longer afford to live in our building, can we NOT renew our lease with them? Can we give them 60 or 90 days notice saying it is apparent they can't afford to live in our building and we are giving them time to find a new place to live and tell them we are not renewing their lease. Fellow members on our Board feel that possession is 9/10s and we can't do this.
Has anyone else had to deal with this as of late? We aren't trying to be mean, but the economy has caused hardship and we need the rent to pay everyday expenses. I have asked if we can have our attorney review this but I get the same argument from the Board, which I am on, that we can't add language like this. I find this odd as we can prevent someone from moving in for financial reasons.
Hello Patty
I live in NY, so I'm giving you the NY answer. If the tenants in question have a lease and their lease is up for renewal, you do not have to renew their lease.You have to let them know in writing that your do not plan on renewing their lease, and you do it 30 days of more prior to the lease expiring.
Also you go on the web and search LANDLORD TENANT NEW JERSEY.
I hope I was able to shed some light on your problem.
Thank you Charles! I find this helpful. :) that's what I thought!
Charles, on the NJ Community Affairs website, we do have a right to not renew a lease if the tenant isn't paying. thanks for your advice on how to look into!
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Hello Patty
I live in NY, so I'm giving you the NY answer. If the tenants in question have a lease and their lease is up for renewal, you do not have to renew their lease.You have to let them know in writing that your do not plan on renewing their lease, and you do it 30 days of more prior to the lease expiring.
Also you go on the web and search LANDLORD TENANT NEW JERSEY.
I hope I was able to shed some light on your problem.
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Board Talk members who registered prior to March 9th, 2016 will need to reset their password.