Enhances transparency concerning properties claiming exemption from rent control.
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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 aims to increase transparency regarding properties that are exempt from rent control in New Jersey. It requires property owners claiming these exemptions to provide detailed documentation to municipalities and the Department of Community Affairs, including mortgage information and original exemption claims. The DCA will maintain a public registry of exempt properties, and property owners must annually certify their continued compliance with rent control regulations. Failure to provide required documentation or submit false certifications can result in penalties.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
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