Final answer:
The 4 provisions that govern rentals in New Jersey include termination, vacating the premises, holdover, and damages due to the loss of prospective new renters.
Step-by-step explanation:
The 4 provisions that govern rentals in New Jersey include:
- Termination: After the leasing period, the agreement is automatically renewed from month to month but can be terminated with a 30-day written notice.
- Vacating the premises: To consider the premises vacated, all areas, including storage, should be clear of the tenant's belongings, and keys and other property provided by the owner should be returned.
- Holdover: If the tenant holds over beyond the termination date or does not vacate all possessions on time, they may be liable for additional rent and damages.
- New Renters: The owner may seek damages due to the loss of prospective new renters if the tenant fails to vacate on time.