Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 8 months ago, 04/30/2024
Does North Bergen have vacancy decontrol?
The ordinance, which is a scan of a 1996 document appears to be silent on the subject of what happens when a unit is or becomes vacant. Does anyone have first hand experience of this? In practical terms would the city compare a new tenant's rent to a prior tenants rent?
Separately, the ordinance says there can be a 50% rent increase if $8k is spent. Does anyone have first hand experience with this?
Thanks!