A 3998
Enhances transparency concerning properties claiming exemption from rent control.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to increase transparency regarding properties that claim exemptions from rent control in New Jersey. It amends existing law to require property owners to provide prospective tenants with detailed information about their exemption status, including documentation like mortgage loan information and original exemption claims. Furthermore, it mandates the creation of a public registry of exempt properties maintained by the Department of Community Affairs, and requires annual certification of compliance with rent control regulations.
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