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Stephen Strickland
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Rent controlled eviction

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hi all. I just bought my third property but first one with a problem. I bought in a rent controlled area ( Perth Amboy Nj).  The Tennant had no lease and is paying $700 a month.  Which is about half of market value.  The town is saying I can raise rent or evict her because it’s rent controlled.     Has anyone dealt with this or have any solutions?

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