Property Management
In a NJ residential lease, which clause allows the landlord to increase rent once per year if properly noticed?
AEscalation clause✓ Correct
BHold-harmless clause
CHabendum clause
DDefeasance clause
Explanation
An escalation clause in a NJ lease permits rent increases at specified intervals (typically annually) subject to proper advance notice as required by the lease agreement and applicable rent control ordinances.
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