Allows termination of motor vehicle lease in event of death; prohibits imposition of fee for early termination.

This bill (S 577) allows family members or estate representatives to terminate a personal vehicle lease in New Jersey upon the leaseholder's death, without paying an early termination fee. It prohibits dealers or lessors from charging such fees or forcing survivors to buy the vehicle, buy out the lease, or continue the lease under original terms. Dealers must include written disclosure about this termination right in lease agreements, and failure to do so incurs a $500 penalty. The law applies to personal vehicle leases registered in New Jersey (excluding commercial vehicles and surviving co-lessees) and requires proof of death within 60 days for termination. It is pending legislative action as of 2026.