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    velasco's Avatar
    velasco Posts: 2, Reputation: 1
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    #1

    Nov 3, 2011, 04:56 PM
    Rent Increase
    How much can a landlord raise the rent in a union city, nj condo?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Nov 3, 2011, 04:58 PM
    Whatever the market will bear.
    velasco's Avatar
    velasco Posts: 2, Reputation: 1
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    #3

    Nov 3, 2011, 05:01 PM
    Scott,

    I am still at square one with your response... thanks for your help anyway.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Nov 3, 2011, 05:21 PM
    Unless you are in a rent controlled unit a landlord can increase rental at the beginning of a new lease term. There are no specific laws limiting the amount of the increase. However, an increase has to be considered fair and reasonable. A court can take into account several factors in determining this.

    This site has more details. http://www.nj.gov/dca/divisions/code...rse_bultin.pdf
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Nov 3, 2011, 06:46 PM
    If you are in a rent control unit , it has to be approved.

    But assuming it is not, they are free to set their rent at current market value.
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