S 1502 New Jersey Senate · 2024-2025 Regular Session

Establishes standards for expiration of rental housing affordability controls.

This bill sets standards for when rental housing affordability controls expire in New Jersey. It requires landlords to notify tenants 120 days before expiration and mandates income certification (90-180 days prior) to determine if rent can increase. If tenants earn ≤80% of regional median income after expiration, landlords cannot raise rent until they move out; if income exceeds that threshold, landlords may charge market rate at the next lease renewal or 60 days later. The bill also requires leases to prominently display the expiration date and potential rent changes.
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
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Shirley Turner
Shirley Turner
DDemocratic
NJ
15