State statute limits the ability to acquire the property by eminent domain to five years.

From my research I'd determined that (hopefully correctly):-Assignments in TN are ILLEGAL but Double Closes are LEGAL (anyone know the specific statute that addresses this?)

As long as your contract does not violate statute (it probably does not), your contract language takes precedence over the law, which is typically used as the default if a contract is silent on a particular issue.I'm sorry this is not the answer you were looking for, but that's why it's important to thoroughly read any contract before signing it. 

I studied the statutes and determined what to do and what Ned Carey said about the return envelopes being proof is the case also here to.   

You can really set the guidelines how you want per property as long as they are administered equally to all applicants of that property and they dont violate federal fair housing laws or any state statutes.  

As soon as the statutes may allow, it might be well worth the money to hire an attorney and get the record expunged.

The NJ Statutes do not distinguish between Sec8 and non Sec8. 

And my opinions don't always line up nicely with government rules and statutes.  

If you set your late fee as a % you will have difficulty persuading a court that it costs double for you to be made whole on late rent of Unit A than it would Unit B because Unit A's rent is twice as much.If your late fee is a flat amount below bank charges as you mentioned then even in a jurisdiction where no such provision is on the local statute books contract law is on your side.  

There is a statute of limitations on fraud that varies by state.