New Jersey A4377 requires limited liability companies to disclose certain information when recording a deed for residential rental property.

New Jersey A4377 mandates that limited liability companies disclose specific information when recording a deed for residential rental property. This includes appending an affidavit identifying the registered agent for service of process. If the registered agent is not a member of the company, an affidavit identifying at least one member must also be appended. This requirement applies regardless of the number of rental dwelling units on the property. The bill also requires an affidavit stating the basis for any fee exemption when applicable.

New Jersey A4377 requires limited liability companies to disclose certain information when recording a deed for residential rental property.

New Jersey A4377 mandates that limited liability companies disclose specific information when recording a deed for residential rental property. This includes appending an affidavit identifying the registered agent for service of process. If the registered agent is not a member of the company, an affidavit identifying at least one member must also be appended. This requirement applies regardless of the number of rental dwelling units on the property. The bill also requires an affidavit stating the basis for any fee exemption when applicable.