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Closed Rentals in Princeton Boro and Township for November 2011
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Discriminination
by Mary Ann Pidgeon, Esq. Pidgeon & Pidgeon, PC 600 Alexander Road Princeton, New Jersey 08540 (o) 609-520-1010/ www.pidgeonlaw.com A landlord has a lot of flexibility in choosing a tenant but a landlord may not discriminate on certain grounds. A landlord may discriminate on some grounds but not on race, creed, sex, sexual orientation, handicap, the source […]
Defining the Terms of The Lease
by Mary Ann Pidgeon Esq. Pidgeon & Pidgeon, PC 600 Alexander Road Princeton, New Jersey 08540 (o) 609-520-1010 / www.pidgeonlaw.com The terms of your lease are very important and should be reviewed by your attorney prior to signing. The law does not allow the landlord to include a provision which waives the tenant’s rights. Specifically, the right to […]
Beginning the Landlord/ Tenant Relationship
by Mary Ann Pidgeon, Esq. Pidgeon & Pidgeon, PC 600 Alexander Road Princeton, New Jersey 08540 (o) 609-520-1010 www.pidgeonlaw.com The landlord tenant relationship must be established in writing or established in the actions of the parties. The first issue is determining if there is a legally enforceable landlord tenant relationship. If there is a written lease, the […]
Princeton Closed Rentals Report: 2009 v 2010
The numbers are in and they are a bit staggering…. The number of Princeton Boro & Township rentals that closed in 2010 v 2009 was up, dramatically! 2009 Closed Rentals: 143 2010 Closed Rentals: 187 44 more rentals closed in Princeton in 2010 v 2009, a 30% increase! Considering that the overall sales numbers were […]
How to negotiate a better price for a rental lease
In any negotiation, the person with the most leverage tends to get the best terms. The more leverage you have over the deal and the other party, the harder you can negotiate. The less leverage, the less room you have to negotiate. Want to know if you have good or bad leverage in negotiating a […]
The Basics of Fair Housing
So you are ready to become a landlord. Good! I have heard an expression, you can make money from selling real estate but you get rich by owning it. Becoming a landlord is a great way to accumulate wealth and build your financial portfolio. So lets say that you have a Princeton rental ready to […]
What are a Tenant’s Responsibilities?
The more rentals I complete in Princeton the more I hear this question: What are my responsibilities as the tenant and what are the responsibilities of the landlord? The reality is that most rights and responsibilities of both the landlord and the tenant are spelled out in a lease. If you want, you can have […]
What to check when you move into a rental
Inspect the property Before you move in, make sure that the apartment has received a certificate of occupancy (C.O.) from the town housing inspector. Not all towns have laws requiring a certificate of occupancy. Call your town inspector to find out if the town has such a law. Also, check the following: Bathroom—Check the water […]