N.J. DCA Landlord/Tenant Information Series — (English)

Citation
N.J. DCA Landlord/Tenant Information Series — (English)
Jurisdiction
New Jersey (state)
Source
Official source
Original Source
https://www.nj.gov/dca/codes/publications/pdf_lti/t_i_r.pdf ↗

Related Parts of This Source

Full Text

1,509 chars 
building is converted to a condominium or cooperative form of ownership, or to fee
simple ownership of units, rents may not be increased to cover costs resulting solely from the
conversion (N.J.S.A. 2A:18-61.31). This does not mean that rents may not be increased to cover
the cost of new services or amenities. This prohibition applies to all tenants in the building
regardless of whether they are eligible for protected tenancy as senior citizens or disabled persons.
Public Financed and Subsidized Housing
Housing developments owned or subsidized by the U.S. Department of Housing and Urban
Development (HUD), as well as unsubsidized developments with HUD-insured mortgages
determined by HUD to have certain economic problems, are not subject to municipal rent control.
For further information on the proper notice of a rent increase (the allowable amount of each rent
increase in HUD buildings), contact the U.S. Department of Housing and Urban Development,
New Jersey State Office, 1 Newark Center, Newark, New Jersey 07102-5260, (973) 622-7900.
Likewise, rents fixed and controlled by the New Jersey Housing and Mortgage Finance Agency
(NJHMFA) in projects it finances are not subject to municipal rent control ordinances. For further
information on the proper notice of a rent increase or the allowable amount of rent increase in a
NJHMFA project, contact the New Jersey Housing and Mortgage Finance Agency, 637 South
Clinton Ave., Post Office Box 18550, Trenton, New Jersey 08650-2085, (609) 278-7400.