Extends grace periods for rental late charges for certain tenants who receive public assistance payments.

This bill extends a 5-business-day grace period for rent payments to tenants receiving public assistance, preventing landlords from charging late fees during this time. It directly affects qualified tenants who receive benefits like Social Security, Supplemental Security Income (SSI), or Work First New Jersey payments. The key change requires the grace period to start only after the tenant receives their final monthly public assistance payment, and leases must specify scheduled payment dates. Landlords cannot impose late charges before the grace period begins, aligning the timing with when tenants typically receive their assistance funds.