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Re: Leasing a condo unit (Certificate of Registration)
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jerseymom wrote:
Atsushi -

This is off topic (and you may know this already) but from a former landlord who learned the hard way after I rented out my condo, please make sure you carefully study your bi-laws as they pertain to renting. Especially the covenant committee/condo fines for tenant/resident non-compliance part.

Include any move in/move out/application fees as a part of your lease (as they are applicable to NJ law). Make sure to also specifically state use of amenities, parking etc as either a part of the rent or not. Further, include where you are depositing your tenant's security deposit with interest earned.

Read more of your responsibilities here:

http://www.lsnjlaw.org/Publications/P ... Manuals/TenantsRights.pdf

Good luck! I just don't want you to go through what I did!



Jerseymom,

Actually, I do have a couple of things I want to ask you, so I'm going to send you a PM. I hope you will respond.

Atsushi

Posted on: 2015/3/23 19:56
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Re: Leasing a condo unit (Certificate of Registration)
#4
Home away from home
Home away from home


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Quote:

jerseymom wrote:
Atsushi -

This is off topic (and you may know this already) but from a former landlord who learned the hard way after I rented out my condo, please make sure you carefully study your bi-laws as they pertain to renting. Especially the covenant committee/condo fines for tenant/resident non-compliance part.

Include any move in/move out/application fees as a part of your lease (as they are applicable to NJ law). Make sure to also specifically state use of amenities, parking etc as either a part of the rent or not. Further, include where you are depositing your tenant's security deposit with interest earned.

Read more of your responsibilities here:

http://www.lsnjlaw.org/Publications/P ... Manuals/TenantsRights.pdf

Good luck! I just don't want you to go through what I did!



Thanks for your advice. Yes, there are a lot of responsibilities, but the more I learn about this, the higher my confidence level is. I'm still not sure if I have covered everything, but I think I covered a lot. And of course, unless I'm 100% confident, I won't do it.
Thanks!

Posted on: 2015/3/23 18:48
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Re: Leasing a condo unit (Certificate of Registration)
#3
Home away from home
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Atsushi -

This is off topic (and you may know this already) but from a former landlord who learned the hard way after I rented out my condo, please make sure you carefully study your bi-laws as they pertain to renting. Especially the covenant committee/condo fines for tenant/resident non-compliance part.

Include any move in/move out/application fees as a part of your lease (as they are applicable to NJ law). Make sure to also specifically state use of amenities, parking etc as either a part of the rent or not. Further, include where you are depositing your tenant's security deposit with interest earned.

Read more of your responsibilities here:

http://www.lsnjlaw.org/Publications/P ... Manuals/TenantsRights.pdf

Good luck! I just don't want you to go through what I did!


Posted on: 2015/3/23 18:39
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Re: Leasing a condo unit (Certificate of Registration)
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Posted on: 2015/3/23 18:30
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Leasing a condo unit (Certificate of Registration)
#1
Home away from home
Home away from home


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We are thinking of leasing our condo unit in DTJC to a tenant.

While searching for a leasing contract, etc., we came across something that says that we need a certificate of registration at city clerk.

Since it is a condominium that has more than 2~3 units, the building itself must have such certificate of registration.

As a unit owner, would we need one to lease our unit?

If so, has anyone done it before?

Thanks,

Atsushi

Posted on: 2015/3/23 17:13
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