A 1240 New Jersey General Assembly · 2024-2025 Regular Session

Requires limited liability company disclose certain information when recording deed concerning residential rental property.

This bill requires limited liability companies (LLCs) and foreign LLCs purchasing residential rental properties to submit a sworn statement with the property deed when recording it. The statement must include the company's registered agent's name and business address, and if the agent isn't a company member, also identify at least one company member. This applies to all residential rental properties, regardless of the number of dwelling units, and must be provided at the time of recording with the county.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Alex Sauickie
Alex Sauickie
RRepublican
NJ
12