Establishes certain requirements concerning unconscionable rent increases for residential rental properties.

This New Jersey bill (A-3995) establishes standards to determine if rent increases for residential properties are "unconscionable" (extremely unfair). It directly affects landlords and tenants by requiring courts to consider factors like landlord expenses, comparable rents in the area, tenant bargaining power, and property condition when reviewing hikes. Key provisions include shifting the burden of proof to landlords to justify increases, mandating transparency (e.g., proper registration), and giving tenants 10 days to request written justification for proposed increases. If a court finds an increase unconscionable, tenants can recover treble damages, a $2,000 penalty, and attorney fees. The bill excludes rent-controlled properties and those under affordable housing programs.