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.
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- Core Provisions
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- Critical Issues
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