New Jersey Association of Realtors Residential Lease Agreement

The New Jersey Association of Realtors Residential Lease Agreement is a standardized legal contract between a Landlord and Tenant for renting a home. A Realtor prepares the agreement after reviewing the Tenant’s credit report, verifying employment, and collecting an application fee.

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Last updated March 19th, 2025

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The New Jersey Association of Realtors Residential Lease Agreement is a standardized legal contract between a Landlord and Tenant for renting a home. A Realtor prepares the agreement after reviewing the Tenant’s credit report, verifying employment, and collecting an application fee.

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Standardized Legal Form

The NJAR lease agreement is a standardized legal document used by Realtors in New Jersey to stay compliant with New Jersey state rental laws.

What is Included?

This form outlines Landlord and Tenant obligations, rent payment terms, security deposit rules, and rental conditions.

Required Disclosure Forms

New Jersey law requires landlords to provide the following disclosure forms:

  1. Truth-in-Renting Act Notice [English PDF Guide] [Spanish PDF Guide] – for properties with more than two (2) rental units. [2]
  2. Lead-Based Paint Disclosure Form and EPA Pamphlet – for properties built before 1978.
  3. Flood Zone Disclosure Form [Flood Risk PDF] – Landlord must disclose if the property is in FEMA’s Special Flood Hazard Area or Moderate Flood Hazard Area. Landlords must disclosure if any of the property has been subject to flooding such as common areas or parking spaces. [3]
  4. Security Deposit Notice – Landlord must disclose where the deposit is held. [4]

Security Deposit Limits

  • Maximum Amount – Landlords cannot charge more than one and a half (1.5) months’ for the deposit amount.
  • Interest Account – Deposits must be kept in an interest-bearing account.
  • Location – The tenant must be informed where the funds are kept (security deposit notice). [5]

Sources

  1. nj.gov
  2. TRUTH-IN-RENTING ACT N.J.S.A. 46:8-43 through 50
  3. N.J.S.A.46:8-50
  4. Section 46:8-19
  5. SECURITY DEPOSIT LAW N.J.S.A. 46:8-19 THROUGH 26

Sample New Jersey Association of Realtors  Lease 

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