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
Shirley Turner
DDemocratic
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