A lease is a contract between a Landlord and tenant that gives the tenant the right to live in a property for a fixed period of time ( usually between 6-12 months).
A landlord may ask for a co-signer if you do not have a history of paying bills or paying them on time. A co-signer is another person who is responsible to pay the rent if you cannot. The co-signer does not typically live in the apartment with you, but he or she is equally responsible for your lease.
A security deposit is money held by the landlord to pay for damages, but you can get the majority back if you leave the apartment in good shape. In New Jersey the most a landlord can charge is one and a half month’s rent.
An agreement where payment is made for the temporary use of property in which it can be returned.
A tenant is a person who occupies land or property rented from a landlord.
A landlord is an owner of a house, apartment, land, etc. who rents or leases their property to a tenant.
- Cleaning Supplies
- Water Bill
- Electric and Gas
- Renters Insurance
The Department of Community Affairs provides a guide to affordable housing here