NJ A1308

Landlords must provide written explanation with rent increases describing why the increase is not unconscionable, confirming compliance with municipal ordinances and applicable laws, and listing expenses associated with the unit or common areas contributing to the increase

Senior citizen housing tenants must receive additional disclosures including contact information for someone authorized to discuss the increase and a specific statement about tenants' rights to challenge unconscionable rent increases

Landlords who fail to comply face $500 penalties per violation, enforceable through actions by the Commissioner of Community Affairs, Attorney General, or the tenant directly

Tenants who bring their own enforcement action may recover the $500 penalty plus reasonable attorney's fees and expenses

The bill takes effect on the first day of the third month following enactment and applies to rent increase notices issued on or after that date