Enhances transparency concerning properties claiming exemption from rent control in New Jersey.

New Jersey S4174 enhances transparency concerning properties claiming exemption from rent control by amending existing law. The bill requires property owners to file documentation with the municipal construction official, including a written statement of the owner's claim of exemption, initial mortgage loan documentation, the original certificate of occupancy, and a statement calculating the specific date on which the exemption expires.

Enhances transparency concerning properties claiming exemption from rent control in New Jersey.

New Jersey S4174 enhances transparency concerning properties claiming exemption from rent control by amending existing law. The bill requires property owners to file documentation with the municipal construction official, including a written statement of the owner's claim of exemption, initial mortgage loan documentation, the original certificate of occupancy, and a statement calculating the specific date on which the exemption expires.