Enhances transparency concerning properties claiming exemption from rent control.

Summary

The bill changes New Jersey rent‑control law so that owners of multiple‑unit buildings that qualify for an exemption must file a claim with the municipality, provide tenants with written notice of the exemption and its end date, and submit documentation to a state‑run online registry. It also creates an annual certification requirement and penalties for false filings. The goal is to make it easier for tenants and municipalities to see which properties are exempt from local rent‑control rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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