Amends rent receivership statute to provide that court shall appoint receiver under certain conditions; establishes mandatory appointment requirement.

This New Jersey bill mandates that courts must appoint a receiver to manage buildings that meet specific safety or maintenance criteria, rather than leaving such decisions to the court's discretion. A receiver will be required if a building has serious health and safety violations lasting at least 90 days or has a documented pattern of recurrent code violations over the past two years. The law also clarifies that courts must select a qualified entity, such as a mortgageholder or lienholder, to act as the receiver and allows for dismissal of complaints if the owner proves repairs were made or violations are minor. Additionally, the bill introduces stricter requirements for dismissing complaints, including a rule that plaintiffs must file a notice of lis pendens within 10 days of filing.