N.J. Admin. Code § 5:24-2.8

Current through Register Vol. 56, No. 11, June 3, 2024

Section 5:24-2.8 - Rent increases

(a) The protection provided by section 10 of the Act to tenants in municipalities with rent control ordinances in effect shall apply to all protected tenants, and to all tenants, regardless of age, condition, length of residency or income, to whom notice of termination pursuant to section 3g of P.L. 1974, c.49 (2A:18-61.2 ) has been given. Any provision in any rent control ordinance to the contrary notwithstanding, the protection provided by the rent control ordinance shall apply even if a unit, or the proprietary lease thereto, is sold to a person who purchases three or fewer units. A fair return of hardship increase application may be made by the owner of any such unit or proprietary lease, subject to the provisions of section 10 of the Act.

(b) In conformity with the Act, no rent increase shall be required of any tenant in any converted building in any municipality not having a rent control ordinance if such increase would be deemed unreasonable pursuant to 5:24-1.12(c).