New Jersey Rent Control

[Lior Solomon]

Hello everyone

I would like to hear some experienced New Jersey investors in regards to the rent control ordinance.

Is this something you even consider before picking up location in NJ?

Is it really a hassle?

How strictly is it enforced?

Here is a list I found covering all the municipalities adopting the rent control ordinance in New Jersey: http://www.nj.gov/dca/divisions/codes/publications/pdf_lti/rnt_cntrl_srvy_2009.pdf

Thanks in advance,

Lior

[Erik Pedersen]

I had thoughts about rent control when I was buying my two fam in Newark. There is an ordinance for that city -- anyway I called rent control office and saw if my house was 'registered' with the rent control office(whatever that may mean.)

It wasnt - so I was able to charge market rent and do whatever I want.

However the house was delivered vacant and Im not sure what the law is regarding raising rents for existing tenants.

Sorry if this was no help at all but thats all I got LOL.