Allows certain senior citizens to apply for rent increase limit.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill, the "Senior Citizen Tenant Protection Act," aims to provide affordable rental housing for senior citizens (age 55 or older) in New Jersey. It allows eligible tenants to apply for ‘protected senior citizen tenant’ status, which limits rent increases to the annual index rate factor, adjusted for inflation and regional consumer price indices. Landlords who exceed these limits may be liable for damages, and a waiver process is included for situations causing undue hardship. The bill also establishes income limitations for eligibility and aligns them with the homestead property tax reimbursement program.
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1 on record
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