Bill Text: NJ S2195 | 2010-2011 | Regular Session | Amended
Bill Title: Requires residential leases to specify when rent payments are due and allows residential leases to require weekly, monthly, or annual payments or a single payment for the entire lease term.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-09-13 - Reported from Senate Committee with Amendments, 2nd Reading [S2195 Detail]
Download: New_Jersey-2010-S2195-Amended.html
Sponsored by:
Senator GERALD CARDINALE
District 39 (Bergen)
SYNOPSIS
Requires residential leases to specify when rent payments are due and allows residential leases to require weekly, monthly, or annual payments or a single payment for the entire lease term.
CURRENT VERSION OF TEXT
As reported by the Senate Community and Urban Affairs Committee on September 13, 2010, with amendments.
An Act concerning rent payments for dwelling units and supplementing chapter 8 of Title 46 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any provision of law, rule, or regulation to the contrary, a lease for residential property shall specify when rent payments are due and payable, and may specify weekly, monthly, or annual payments or a single payment 1, as agreed to by the landlord and the tenant,1 for the entire lease term. A rent payment authorized pursuant to this section is not a security deposit or part thereof and shall not be subject to the limitation on the amount that may be required as a security deposit in section 4 of P.L.1971, c.223 (C.46:8-21.2).
2. This act shall take effect immediately.
