New Jersey Real Estate Practice Exam Practice Question
A tenant signs a 1-year lease to live in an apartment. If the owner dies during the term of the lease, what can the tenant do?
Correct Answer: B
Rationale: When a tenant signs a lease, the agreement is binding regardless of changes in ownership. Therefore, the tenant can continue living at the property and must pay the same rent as outlined in the lease, ensuring stability during the transition.
Option A is incorrect because the rent cannot be unilaterally increased by the new owner without proper notice and agreement. Option C is wrong since a lease does not automatically convert to a month-to-month agreement upon the owner's death; it remains in effect until its expiration. Option D misrepresents the tenant's rights, as the lease persists regardless of ownership changes, and consent is not required for the tenant to remain.
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