renting in a condomininum building
April 6, 2012 5:45 PM Subscribe
i am currently looking to rent a condo, which I have never done before. I got the lease today to review and I have a few questions.
This will be the second place I've ever rented and I have never previously rented in a condo building so I am pretty new to this. I put in a application to rent a condo in new jersey and was approved. i got the lease to review today and had a few questions
1. Lease states that "your tenancy can be terminated upon 60 days notice if your apartment is sold to a buyer who seeks to personally occupy it. if you move out as a result of receiving such a notice and the landlord arbitrarily fails to complete the sale, the landlord shall be liable for treble damanges and court costs"....this makes me nervous, is this standard for leasing a condo?
2. in addition, on the rider to the lease, it states that this property is on short sale and currently has an accepted offer. tenant must cooperate for showing, etc, etc.....which is why #1 makes me nervous, thoughts?
3. "tenant is responsible for the first $100 toward any minor repairs. however, it is tenant's responsibility for all repairs due to tenant's negligence. if any repair exceed over $100, tenant should consult with landlord"....should I be responsible for ANY amount of a repair that is not due to my negligence?
thanks in advance!!