N.J. DCA Landlord/Tenant Information Series — Eviction Law

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

Related Parts of This Source

Full Text

1,799 chars

prior to the emergency conditions and two times the rate of inflation as determined by the
increase in the CPI for the immediately preceding nine month period. For the purposes of this section,
“CPI” means the annual average over a 12-month period beginning September 1 and ending August 31 of
the Consumer price Index for Urban Wage Earners and Clerical Workers (CPI-W), All items Series A, of
the United States Department of Labor (1957-1959 = 100), for New York, NY-Northeastern New Jersey
region.
c. In the event that a landlord believes that the limitations on increases in rental charges imposed by a
“Notice of Rent Protection Emergency” prevent the landlord from realizing a just and reasonable rate of
return on the landlord’s investment, the landlord may file an application with the Director of the Division of
Consumer Affairs in the Department of Law and Public Safety for the purpose of requesting permission to
increase rental charges in excess of the increases otherwise authorized under the “Notice of Rent
Protection Emergency”. In evaluating such an application, the director shall take into consideration the
purposes intended to be achieved by P.L.2002, c. 133 (C.2A:18-61.62 et al.) and the “Notice of Rent
Protection Emergency” and the amount of rental charges required to provide the landlord with a just and
reasonable return. The Director shall promulgate rules and regulations in accordance with the
“Administrative Procedure Act,” P.L. 1968, c.410 (C.52:14B-1 et seq.) to effectuate the purpose of this act.
d. The provisions of subsections a. and b. of this section will serve to supplement, not replace, any existing
local, State, or Federal restrictions on rent increases for any dwelling units in residential buildings located
within the zone described in subsections