NJ Quadplex - No Green Card Registered - big deal?
I am looking at a property in North New Jersey, it is a quadplex. I called the Bureau of Housing Inspection to see when the Green Card was due, and they said that the house has never been registered; I have a couple questions.
- Is a Green Card Required for a Quadplex?
- Is it required even if the owner lives on the premises?
- Is it required if the quadplex is two duplexes on one lot?
- How did the previous owner get away with never registering for a green card? Is it a big deal?
- If its not required what is the benefit of having a green card?