NJ A3361

Caps rent increases on manufactured home park dwelling sites at 3.5% over a 12-month period, applying to sites leased for modular buildings, industrialized buildings, or manufactured homes

Allows landlords to set initial rent rates for new tenancies but limits subsequent increases; landlords violating the cap face $1,000 penalties per violation per unit and tenants can sue for $500-$1,000 plus attorney's fees

Permits landlords to petition the Commissioner of Community Affairs for rent increases exceeding 3.5% by demonstrating insufficient income to cover costs (hazardous conditions, taxes, maintenance, utilities, insurance) or capital improvements

Preempts municipal rent control ordinances that allow increases greater than 3.5% or use variable criteria like the Consumer Price Index, while preserving stricter local limits at or below 3.5%

Appropriates $2,000,000 from the General Fund to the Department of Community Affairs for implementation, with key provisions taking effect eight months after enactment