Enhances transparency concerning properties claiming exemption from rent control.

This bill requires landlords in New Jersey to clearly disclose when their rental properties are exempt from local rent control limits. Owners must provide prospective tenants with a written statement and specific documents proving the exemption before signing a lease, and the lease itself must prominently display the exemption status and its expiration date. Additionally, the law mandates that owners file detailed claims with municipal officials and maintain a public online registry of exempt properties to improve transparency. These measures directly affect property owners of newly constructed buildings and the tenants who rent from them.