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NJ A892
Bill
Status
1/9/2024
Primary Sponsor
Verlina Reynolds-Jackson
Click for details
AI Summary
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Allows courts to hold LLC members (with at least 10% ownership), LLC managers, and corporate directors/officers personally and jointly liable for unpaid housing, building, and health code violations on residential rental properties
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Personal liability applies when at least three code violation charges remain unpaid for 13 months after the first charge's due date, and proper notice has been provided to all relevant parties
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Expands landlord registration requirements to include names and addresses of LLC members with 10%+ ownership, LLC managers, corporate officers and directors, and registered agents for all commercial entity landlords
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Provides an affirmative defense for individuals who can demonstrate they lacked the ability to ensure payment due to limited involvement with the commercial entity
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Authorizes municipalities to adopt ordinances converting unpaid housing, building, and health code charges into property liens enforceable like tax liens, after charges remain unpaid for 13 months
Legislative Description
Expands liability of certain individuals associated with limited liability companies and other commercial entities, when acting as residential landlord.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/9/2024