
may 2000
A New Law Now Affects a Landlord When Disposing of a Tenant’s Abandoned Personal Property
BACKGROUND
The New Jersey Legislature recently enacted a statute which affects both commercial and residential real property, setting requirements for the way landlords can dispose of personal property abandoned by tenants.
The law must be followed by landlords to defeat tenant's claims for loss or damage as well as penalties.
The law addresses:
WE RECOMMEND
Adhere to the requirements of the new statute to make certain you establish a claim of good faith and to avoid damages and penalties. The new statute applies even though your leases may have other provisions dealing with tenants' abandoned personal property. All leases should be revised to take the new statute into account.
If you have any questions concerning the new statute or the appropriate language to include in new leases, please contact Jack Fersko.