A 3507
Establishes standards for determining an unconscionable rent increase; excludes from public access landlord tenant records in certain circumstances.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes guidelines for determining if a rent increase is considered ‘unconscionable’ in New Jersey. When evaluating a rent increase, courts will consider factors like the amount of the increase, the landlord’s expenses, comparable rents in the area, and the tenant’s bargaining power. Additionally, the bill restricts public access to certain landlord-tenant court records related to older eviction cases, aiming to protect privacy. It also clarifies that no single factor should determine the outcome and exempts rent increases subject to local rent control or affordable housing programs.
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