New Jersey A1308 requires landlords to provide a written explanation for rent increases.

New Jersey A1308 mandates that landlords provide a written explanation for any rent increase. This explanation must describe why the rent increase is not unconscionable, confirm compliance with municipal ordinances and other applicable laws, and list any expenses associated with the tenant’s unit and common areas that have contributed to the need for the rent increase. The bill also adjusts the underlying statutory language concerning notice requirements prior to rent increases to clarify that those notices have to be in writing.

New Jersey A1308 requires landlords to provide a written explanation for rent increases.

New Jersey A1308 mandates that landlords provide a written explanation for any rent increase. This explanation must describe why the rent increase is not unconscionable, confirm compliance with municipal ordinances and other applicable laws, and list any expenses associated with the tenant’s unit and common areas that have contributed to the need for the rent increase. The bill also adjusts the underlying statutory language concerning notice requirements prior to rent increases to clarify that those notices have to be in writing.