This bill imposes an additional fee on the transfer of real property in New Jersey valued over $1 million, expanding the tax to include industrial properties and apartments that were previously exempt. The fee is calculated as a percentage of the sale price, ranging from one percent for properties between $2 million and $2.5 million up to two and a half percent for those between $3.5 million and $3.5 million. Exemptions apply to transfers involving tax-exempt organizations, certain corporate mergers, intercompany transfers, and apartment buildings where at least 10 percent of the units are designated as affordable housing. The fee is collected by county recording officers when deeds are recorded and sent to the state treasurer within ten days of the month of collection.
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.
This bill establishes a legal framework for courts in New Jersey to evaluate whether rent increases on residential properties are unconscionable. It requires judges to consider multiple factors, such as the landlord's expenses, local market rates, the property's condition, and the relative bargaining power of the tenant and landlord. The legislation places the burden of proof on landlords to demonstrate that a rent increase is fair and not excessive. Additionally, if a court finds a violation, tenants may receive lease reformation, treble damages for overpayments, and a $2,000 civil penalty. The rules do not apply to properties already covered by local rent control ordinances or affordable housing programs.
This bill allows homeowners in New Jersey whose primary residences are located in Governor-declared disaster areas to pause their mortgage payments for 180 days. To qualify, borrowers must request forbearance from their lender, who is required to approve the request within 15 business days without charging any penalties, fees, or interest during this period. The bill also permits borrowers to extend the pause for another 180 days and mandates that missed payments be repaid later through loan extensions, modifications, or a final lump-sum payment at the end of the loan term.
This bill creates a $2 million state grant program to help New Jersey municipalities establish snow removal services for seniors. Under the plan, local governments can apply for up to $100,000 to clear snow and ice from the driveways, entrance ways, and sidewalks of homes occupied by residents aged 62 or older with household incomes below 65% of the area median. The funding is restricted to single-family or similar residences, excluding those living in rental units, condominiums, or other communities where the landlord or association already provides equivalent snow removal. The Department of Community Affairs will manage the fund and create necessary rules to oversee the distribution of grants.
This bill requires New Jersey's Department of Human Services to create guidance connecting Medicaid recipients with housing-related services and resources. The legislation mandates the development of a memorandum of understanding between health agencies and housing organizations to align eligibility rules and track outcomes like housing stability and health improvements. Additionally, the state must provide technical assistance to help housing providers understand how to receive Medicaid reimbursement for their services. Finally, the bill requires a report to be submitted to the Governor and Legislature within two years detailing the progress of these coordination efforts and any necessary changes to state funding plans.
This bill requires the New Jersey Department of Environmental Protection to speed up and simplify approval processes for affordable housing projects. It mandates specific deadlines for reviewing applications, such as a 180-day limit for water quality plans that triggers automatic approval if missed, and requires certain reviews to happen simultaneously rather than sequentially. The legislation also establishes presumptions that sites designated for affordable housing comply with water quality rules and ensures that previously approved permits remain valid even if new regulations are later adopted.
This bill modifies how the state inspects condominiums and cooperatives in New Jersey by requiring the Department of Community Affairs to provide owners with advance written notice at least 30 days before an inspection. The notice will include the scheduled date, options to request a Saturday inspection, and details about what specific property elements will be examined. Additionally, the bill establishes a tiered inspection schedule based on a building's history of violations, meaning buildings with fewer past issues will be inspected less frequently than those with repeated problems.
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.
This bill creates the Housing Placement for Survivors Program within the Department of Children and Families to help domestic violence survivors find temporary housing. It offers tax credits to landlords and hotel owners who provide reduced rental rates to survivors for stays between 30 and 180 days. The program includes a $15 million annual cap on these tax credits, with any unused funds rolling over to future years. By incentivizing private property owners to offer discounted rates, the legislation aims to increase the availability of safe, short-term accommodations for victims of domestic violence.
