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Forms of rent regulation. The loose term "rent control" can apply to several types of price control: "strict price ceilings", also known as rent freeze systems, or absolute or first generation rent controls, in which no increases in rent are allowed at all (rent is typically frozen at the rate existing when the law was enacted) A price ceiling will create a shortage in between Qs and Qd.
Tenant screening. "'Tenant screening'" is used primarily by residential landlords and property managers to evaluate prospective tenants. The purpose is to assess the likelihood the tenant will fulfill the terms of the lease or rental agreement and will also take great care of the rental property in question. The process culminates in a decision ...
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the ...
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In 2023, Governor Phil Murphy signed into law a new tax-relief program known as StayNJ that will provide for an annual property-tax cut of 50% for those aged 65 and over with incomes below $500,000; the cut will go into effect in January 2026 and be capped at $6,500, but with this cap rising as indexed to the increase in New Jersey's overall ...
Jersey City, New Jersey had the second highest average rent at $3,290 a month for a one-bedroom apartment and $3,530 for a two-bedroom apartment. Making a notable appearance on the list, was the ...
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