Shortens timeframe for municipality to rehabilitate certain abandoned property.

S 1084 shortens the timeframe municipalities must wait before deeming certain abandoned property as abandoned, reducing it from six to three months. This affects property owners, municipalities, and tax certificate purchasers by accelerating the process for rehabilitating vacant or neglected buildings. Key provisions require property owners to submit rehabilitation plans within three months (down from six) or face municipal takeover, and mandate municipalities to provide notice of abandonment criteria before seeking possession. The bill also adjusts requirements for tax certificate holders seeking to foreclose on properties meeting abandonment criteria. These changes aim to speed up the rehabilitation of derelict properties while maintaining legal safeguards for property owners.