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Updated almost 4 years ago,
Rent controlled condo in Weehawken, NJ
Hello,
I own a condo in Weehawken that has a rent controlled tenant for many years. The tenants lived in this apartment even before the apartment building turned into condos in the 1980's. Ive tried to sell the condo and the buyer wanted to owner occupy. The rent leveling board in Weehawken said that I could not move out the rent controlled tenant in order to sell the property.
Is there no way to move the tenants out???
This income on this property barely covers the cost of property taxes and maintenance.
Anyone know the rules for either getting the tenant out or increasing the rent to a more realistic amount?