Extends protected tenancy period for certain tenants who are senior citizens and certain tenants with disabilities.

This bill extends New Jersey's protected tenancy law to provide senior citizens (62+ years) and disabled tenants with lifelong protection from eviction when landlords convert rental buildings to condos or cooperatives. It directly affects eligible tenants who meet income requirements and have lived in the property for at least one year, preventing forced moves due to ownership changes. The key change modifies the existing law to guarantee protected tenancy "for the full lifetime" of qualifying tenants, rather than a maximum 40-year period. This ensures these tenants can remain in their homes without rent hikes or lease changes solely because of a conversion, addressing concerns about displacement during economic hardship.