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Tuesday, July 15, 2014

2A:42-6. Willful holding over by tenant after expiration of term; notice to deliver possession; penalty

2A:42-5  If a tenant of real estate shall give notice of his intention to quit the premises by him held at a time specified in such notice, and shall not deliver up the possession of such real estate at the time specified in the notice, such  tenant, his executors or administrators, shall, from such time, pay to his  landlord or lessor, his heirs or assigns, double the rent which he should otherwise have paid, to be levied, sued for and recovered at the same times and  in the same manner as the single rent before the giving of such notice could be  levied, sued for and recovered.  Such double rent shall continue to be paid  during all the time such tenant shall continue in possession after the giving  of such notice.
L.1951 (1st SS), c.344.
2A:42-6.  Willful holding over by tenant after expiration of term; notice to deliver possession;  penalty    When a tenant for any term or any other person coming into possession of any  real estate by, from or under, or by collusion with such tenant, willfully  holds over any such real estate after the determination of such term and after  demand made and notice in writing for delivering the possession thereof, given  by his landlord or lessor, or by the person to whom the remainder or reversion  of such real estate shall belong, the person so holding over shall, for and  during the time he so holds over or keeps the person entitled out of possession  of such real estate pay to the person so kept out of possession, his executors,  administrators or assigns, at the rate of double the yearly value of the real  estate so detained, for so long a time as the same is detained.  Such amount  shall be recoverable by an action in any court of competent jurisdiction.
L.1951 (1st SS), c.344.
2A:42-6.1.  Grace period for payment of rent1.A person to whom rent is due and payable on the first of the month upon a lease or other agreement shall allow a period of five business days grace in which the rent due shall be paid.  No delinquency or other late charge shall be made which includes the grace period of five business days.

As used in this section, "business day" means any day other than a Saturday, Sunday or State or federal holiday.

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