Enhances transparency concerning properties claiming exemption from rent control.

The bill enhances transparency concerning properties claiming exemption from rent control by amending P.L.1987, c.153 (C.2A:42-84.1 et seq.) to establish certain documentation requirements for municipalities and property owners and requiring the Department of Community Affairs (DCA) to maintain a database on the DCA’s Internet website of properties exempt from rent control. The owner of a multiple dwelling exempted from a rent control or rent leveling ordinance is to provide to the DCA for inclusion on the registry certain documentation.

Enhances transparency concerning properties claiming exemption from rent control.

The bill enhances transparency concerning properties claiming exemption from rent control by amending P.L.1987, c.153 (C.2A:42-84.1 et seq.) to establish certain documentation requirements for municipalities and property owners and requiring the Department of Community Affairs (DCA) to maintain a database on the DCA’s Internet website of properties exempt from rent control. The owner of a multiple dwelling exempted from a rent control or rent leveling ordinance is to provide to the DCA for inclusion on the registry certain documentation.