Rent Control Delevarage Union City / Jersey City

[Mike Kalob]

Anyone have experience in getting rid of rent control?

Looking at a 5 family unit in Union City, NJ which is EXEMPT from rent control if the landlord resides there. 

Since I plan to live there & previous landlord did not, does that mean I can immidiately charge current tenants market rate?

Or do I have to evict (near impossible in Pro tenant NJ) each one individually before putting in new market rate tenants?

Thanks

[Jason Lee]

The rent control rules in UC were changed earlier this year so that you can no longer owner occupy 5 units and more and take it out of rent control. You can still owner occupy a 3-4 unit and take it out of rent control. Even with 3-4 units you would need the lease for the current RC tenant to end before you can place a market rate tenant.