rent control in newark nj

rent control in newark nj

Member since 2019 · 1 post · 0 votes

Hi all 

I am currently buying my first M/F in Newark NJ it a 3 family with two apts occupied with no lease just month by month bases however there rent is low

i am getting mixed responses if i can higher the rent if there rent is not registered in with the rent control board . and does everyone who needs to register the rent do it ?

2)the seller is willing to serve a eviction if they leave and i get a new tenant can i ask market value rent ?

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  • Investor · Linden, NJ · Member since 2016 · 190 posts · 116 votes
    7y

    attached is the link to the rent control site and it contains a link to the ordinance.  

    https://www.newarknj.gov/departments/rentcontrol

  • Member since 2019 · 1 post · 0 votes
    7y

    Me and my dauther in the lease for 6 years if  i just want my dauther on the lease  to take over he want to race rent 200 hundred dollars more is thats legal  

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