Expands municipal authority to license and inspect residential rental property.

This bill allows New Jersey municipalities to license and inspect residential rental properties for any lease term, removing the previous 175-day limit that restricted such oversight. Landlords must register properties with the municipality when a license is issued, and inspections can occur annually (or more frequently if complaints or safety hazards arise), with all licensing fees dedicated solely to program costs. The bill takes effect immediately and is retroactive to August 6, 2015, but municipalities cannot collect fees for licenses issued before the effective date or refund prior fees. It directly affects residential landlords and municipalities choosing to implement this licensing system.