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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Protected tenancy status shall not be applicable to any eligible tenant until such time as the
owner has filed his conversion recording. The protected tenancy status shall automatically
apply as soon as a tenant receives notice of eligibility and the landlord files his conversion
recording. The conversion recording shall not be filed until after the registration of conversion.
L.1981, c. 226, s. 9, eff. July 27, 1981.

2A:18-61.31. Rent increase restrictions

In a municipality which does not have a rent control ordinance in effect, no evidence of
increased costs which are solely the result of the conversion, including but not limited to any
increase in financing or carrying costs, and which do not add services or amenities not previously
provided shall be used as a basis to establish the reasonableness of a rent increase under section
2f. of P.L. 1974, c. 49 (C. 2A:18-61.1).

In a municipality which has a rent control ordinance in effect, a rent increase for a tenant with a
protected tenancy status, or for any tenant to whom notice of termination pursuant to section 3g.
of P.L. 1974, c. 49 (C. 2A:18-61.2) has been given, shall not exceed the increase authorized by
the ordinance for rent controlled units. Increased costs which are solely the result of a
conversion, including but not limited to any increase in financing or carrying costs, and which do
not add services or amenities not previously provided shall not be passed directly through to
these tenants as surcharges or pass-throughs on the rent, shall not be used as the basis for a rent
increase, and shall not be used as a basis for an increase in a fair return or hardship hearing
before a municipal rent board or on any appeal from such determination.
L. 1981, c. 226, s. 10; amended by L. 1987, c. 287, s. 3.