How much notice does a landlord have to give when selling the property in New Jersey?
You must always provide the proper notice to your existing tenants when you are preparing to sell a property. In New Jersey, the required notice to vacate needs to give them not fewer than 60 days to leave the property. The time period for the notice must begin after you have made the initial property deal.
Can my landlord sell the house I'm renting in NJ?
A 'lease termination due to sale' clause is one to watch out for. If your rental contract contains this clause it means that your landlord can terminate your lease with the sale of their property.
What rights do tenants have in New Jersey?
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.
How much time does a landlord have to give a tenant to move out in NJ?
The landlords must give the tenant at least 3 days' notice. They have no choice. The tenant must leave the premises before the end of the notice period to avoid eviction. Landlords may continue with the eviction process if the tenant refuses to leave after the 3 days' notice.
What does comp mean in selling?
Comparable company analysis
In retail, it refers to a company's same-store sales compared to the previous year or a similar store. Similarly, in financial analysis, comps is short for "comparable company analysis," which is a technique used to assign a value to a business based on the valuation metrics of a peer.