N.J. DCA Landlord/Tenant Information Series — Newly-Constructed Multiple Dwellings Law

a. It is the intent of P.L.1987, c.153 (C.2A:42-84.1 et seq.), that the exemption from rent
control or rent leveling ordinances afforded under P.L.1987, c.153 (C.2A:42-84.1 et seq.) shall
apply to any form of rent control, rent leveling or rent stabilization, whether adopted now or in
the future, and by whatever name or title adopted, which would limit in any manner the periodic
or regular increases in base rentals of dwelling units of multiple dwellings constructed after the
effective date of P.L.1987, c.153 (C.2A:42-84.1 et seq.). No municipality, county or other
political subdivision of the State, or agency or instrumentality thereof, shall adopt any ordinance,
resolution, or rule or regulation, or take any other action, to limit, diminish, alter or impair any
exemption afforded pursuant to P.L.1987, c.153 (C.2A:42-84.1 et seq.).