N.J. DCA Landlord/Tenant Information Series — Condominium and Cooperative Conversion Law

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

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c. Many landlords in Atlantic City are converting or demolishing residential apartments so
that they can make more profitable use of their property as a hotel, motel, vacation licensing
facility, guest house or other use directly or indirectly related to casino gaming and tourism;

d. Such conversion is forcing the displacement of a large number of residential tenants, many
of whom are either senior citizens or persons of low and moderate income;

e. There is an acute housing shortage in Atlantic City and in nearby municipalities, and the
massive displacement of tenants through conversions or demolitions will make it impossible for
displaced tenants to find decent housing at a price they can afford;

f. Although new housing in Atlantic City is being planned to relieve the housing crisis, it will
be at least several years before this housing can be produced;

g. The displacement of such tenants without any relocation assistance will force many of
them into substandard housing, which does not meet the minimum standards of safety and
sanitation, will encourage overcrowding and the blighting of residential neighborhoods in
Atlantic City and constitutes a serious threat to the public health, welfare and safety;

h. Landlords seeking to take advantage of the windfall increase in the value of their property
caused by the enactment of the "Casino Control Act," and to convert their property to a more
profitable use than rental housing have a duty to provide relocation assistance or compensation
to the tenants they are displacing;
 i. In order to protect the public health, safety and welfare, no such tenant after the date this act
takes effect shall be evicted unless he has been provided adequate relocation assistance and
compensation or either thereof.
L.1978, c. 139, s. 1.