New Jersey § 12a:2a-501
Full text of New Jersey New Jersey Statutes § 12a:2a-501, with citation guidance and answers to common questions.
§ 12a:2a-501.
(1) Whether the lessor or the lessee is in default under a lease contract is determined
by the lease agreement and this chapter. (2) If the lessor or the lessee is in default under the lease contract, the party
seeking enforcement has rights and remedies as provided in this chapter and, except
as limited by this chapter, as provided in the lease agreement. (3) If the lessor or the lessee is in default under the lease contract, the party
seeking enforcement may reduce the party's claim to judgment, or otherwise enforce
the lease contract by self-help or any available judicial procedure or nonjudicial
procedure, including administrative proceeding, arbitration, or the like, in accordance
with this chapter. (4) Except as otherwise provided in 12A:1-106(1) or this chapter or the lease agreement,
the rights and remedies referred to in subsections (2) and (3) are cumulative. (5) If the lease agreement covers both real property and goods, the party seeking
enforcement may proceed under this subchapter as to the goods, or under other applicable
law as to both the real property and the goods in accordance with that party's rights
and remedies in respect of the real property, in which case this subchapter does not
apply.
Frequently Asked Questions About New Jersey § 12a:2a-501
What does New Jersey Statutes § 12a:2a-501 cover?
Section 12a:2a-501 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:2a-501?
A common citation format is "New Jersey Statutes § 12a:2a-501" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:2a-501 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.