New Jersey S4177 mandates record-keeping for municipal rent control compliance and appropriates $2 million.

New Jersey S4177 requires landlords in municipalities with rent control ordinances to submit compliance forms to municipal clerks. The Department of Community Affairs must publish a standardized form and establish an Internet system for digitizing and making these records publicly accessible. The bill mandates an annual audit and report on municipal record-keeping deficiencies. It also establishes a rebuttable presumption that missing or incomplete records indicate no valid exemption to rent control. Penalties are set for landlords knowingly providing false information.

New Jersey S4177 mandates record-keeping for municipal rent control compliance and appropriates $2 million.

New Jersey S4177 requires landlords in municipalities with rent control ordinances to submit compliance forms to municipal clerks. The Department of Community Affairs must publish a standardized form and establish an Internet system for digitizing and making these records publicly accessible. The bill mandates an annual audit and report on municipal record-keeping deficiencies. It also establishes a rebuttable presumption that missing or incomplete records indicate no valid exemption to rent control. Penalties are set for landlords knowingly providing false information.