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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(3) Has an annual household income that does not at the time of application exceed the
maximum qualifying income as determined pursuant to section 4 of this act, except that this
income limitation shall not apply to any tenant who is age 75 or more years or is disabled within
the meaning of section 3 of P.L.1981, c.226 (C.2A:18-61.24).

"Registration of conversion" means an approval of an application for registration by the
department in accordance with "The Planned Real Estate Development Full Disclosure Act,"
P.L.1977, c.419 (C.45:22A-21 et seq.).

"Tenant in need of comparable housing" means a tenant who is not a qualified tenant under
this act and is not eligible for protected tenancy under the "Senior Citizens and Disabled
Protected Tenancy Act," P.L.1981, c.226 (C.2A:18-61.22 et al.).

L.1991,c.509,s.3.

2A:18-61.43. Maximum qualifying income, adjustment

4. As of the effective date of this act, maximum qualifying income for the purpose of
determining qualified tenant status as defined in section 3 of this act shall be in the case of a
household comprising one person, $31,400; two persons, $38,500; three persons, $44,800; four
persons, $50,300; five persons, $55,000; six persons, $58,900; seven persons, $62,000; eight or
more persons, $64,300. In the case of any application for protected tenancy filed more than one
year from the effective date of this act, and upon any occasion when termination of a previously
granted protected tenancy is sought pursuant to section 11 of this act upon the grounds set forth
in paragraph (2) of subsection a. of that section, these figures shall be adjusted by the percentage
change, if any, in the applicable index that has occurred since the effective date of this act.

L.1991,c.509,s.4.