S 2164 New Jersey Senate · 2024-2025 Regular Session

Expands liability of certain individuals associated with limited liability companies and other commercial entities, when acting as residential landlord.

This bill (S 2164) changes liability rules for residential landlords operating through LLCs or corporations. It allows courts to hold individual members, managers, directors, or officers personally responsible for unpaid housing, building, or health code violations - like fines or penalties - when a property has at least three unpaid charges after 13 months. To trigger this, proper notice must be sent to all relevant parties (including owners and lienholders), and the individual must own at least 10% of the LLC. The bill directly affects landlords using corporate structures, making key individuals personally accountable for repeated code violations on residential properties.
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 Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 3 co-sponsors

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