Property Management
A NJ property manager who discovers a tenant has sublet their apartment without lease permission should:
AIgnore it as a minor technical violation
BNotify the landlord-owner and potentially pursue lease enforcement or eviction for breach of the no-subletting clause✓ Correct
CCharge the subtenant directly and keep the income
DAutomatically renew the sublease as a new tenancy
Explanation
Unauthorized subletting is typically a breach of the lease. The property manager must notify the owner and may pursue enforcement including serving notice to cure or quit.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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