Establishes standards for determining an unconscionable rent increase; excludes from public access landlord tenant records in certain circumstances.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill establishes clear standards for determining whether a rent increase is considered ‘unconscionable’ in New Jersey. It outlines factors a court should consider, including the amount of the increase, the landlord’s expenses, comparable rents in the area, and the tenant’s bargaining power. Furthermore, the bill proposes to shield court records related to eviction cases where tenants prevail from public access, unless the landlord obtains a judgment for possession.
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