Bill > A4470

This bill amends the rent receivership statute in New Jersey to make it mandatory for the court to appoint a receiver for a building that meets certain criteria. Specifically, the court must appoint a receiver if the building is in violation of state or municipal codes to the extent that it endangers the health and safety of tenants for at least 90 days, or if the building has a pattern of recurring code violations. The bill also provides exceptions where the court may dismiss the complaint, such as if the owner demonstrates they have made timely repairs or if the violations are minor. Additionally, the bill clarifies the powers and responsibilities of the court-appointed receiver.

Housing and Urban Affairs

https://www.njleg.state.nj.us/bill-search/2024/A4470