Reduces timeframe for municipalities to rehabilitate abandoned properties in New Jersey.

This bill amends the "Abandoned Properties Rehabilitation Act" to shorten the period a municipality must wait before acting to rehabilitate abandoned properties. Currently, a property must be unoccupied for six months before it can be designated as abandoned and the municipality can take possession. This bill reduces that timeframe to three months. The bill also includes provisions for the certification of abandoned properties, the handling of properties purchased via tax sale certificates, and the process for municipalities to gain possession and rehabilitate abandoned properties.

Reduces timeframe for municipalities to rehabilitate abandoned properties in New Jersey.

This bill amends the "Abandoned Properties Rehabilitation Act" to shorten the period a municipality must wait before acting to rehabilitate abandoned properties. Currently, a property must be unoccupied for six months before it can be designated as abandoned and the municipality can take possession. This bill reduces that timeframe to three months. The bill also includes provisions for the certification of abandoned properties, the handling of properties purchased via tax sale certificates, and the process for municipalities to gain possession and rehabilitate abandoned properties.