PSI New Jersey Real Estate State Practice Exam

In New Jersey, if a tenant wants to break a lease early, what is typically required?

1. Notice at least ten days prior

2. Written agreement from the landlord

3. Payment of a penalty fee

4. Notification through a lawyer

The correct answer is: Written agreement from the landlord

A written agreement from the landlord is typically required when a tenant wants to break a lease early in New Jersey. This is important because lease agreements are legally binding contracts, and mutual consent is necessary to modify them. By obtaining a written agreement, both parties can clearly understand and document any changes, avoiding potential disputes later on. Other approaches, such as giving notice or payment of a penalty fee, may not be sufficient or may not apply universally. Furthermore, notification through a lawyer is not generally required unless there are specific legal concerns or complications involved in the lease negotiation. Thus, the requirement for a written agreement emphasizes the need for informed consent and transparency between tenants and landlords regarding changes to lease terms.