Q: Hi. What is the legal percentage that a NJ landlord for an apartment complex, can increase the rent by? Thank you
A: Depends on whether the municipality in which the premises is located has a rent stabilization or rent control ordinance.
A: I read Mister Greb's answer. While I generally agree with it, I would add that in the absence of rent control, the court will look at what is reasonable as far as an increase is concerned. The court will consider a variety of factors. How much time between the current increase in the last increase, any capital expenditures on the property, market rents in the area, and other considerations that might factor into a rent increase.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.