New Jersey S3641 requires landlords to provide written explanations for rent increases to tenants in senior citizen housing projects.

New Jersey S3641 mandates that landlords provide written explanations for rent increases to tenants in senior citizen housing projects. The explanation must detail why the rent increase is not unconscionable, confirm compliance with municipal ordinances and 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 S3641 requires landlords to provide written explanations for rent increases to tenants in senior citizen housing projects.

New Jersey S3641 mandates that landlords provide written explanations for rent increases to tenants in senior citizen housing projects. The explanation must detail why the rent increase is not unconscionable, confirm compliance with municipal ordinances and 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.