REAL ESTATE

Not Worth the Paper It's Written On?

When equitable principles will permit a tenant's noncompliance with the renewal of a lease

, New Jersey Law Journal

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One of the first lessons a property owner learns is to always have the tenant sign a written lease. Having a written lease, the property owner believes, avoids ambiguities and provides both sides with an understanding of their rights and responsibilities. Unfortunately for property owners, there are times when even the clearest provisions of the lease are not worth the paper they are written on. In particular, this can occur when a tenant seeks to renew his/her lease.

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