Irvington, NJ asked in Landlord - Tenant for New Jersey

Q: Hi. What is the legal percentage that a NJ landlord for an apartment complex, can increase the rent by? Thank you

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2 Lawyer Answers
Morris Leo Greb
PREMIUM
Morris Leo Greb
Answered
  • Landlord Tenant Lawyer
  • Rockaway, NJ
  • Licensed in New Jersey

A: Depends on whether the municipality in which the premises is located has a rent stabilization or rent control ordinance.

Matthew Schutz
Matthew Schutz
Answered
  • Landlord Tenant Lawyer
  • Flemington, NJ
  • Licensed in New Jersey

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.

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