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Bill > A4377
NJ A4377
NJ A4377Requires limited liability company to disclose certain information when recording deed concerning residential rental property.
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill would require a limited liability company or foreign limited liability company disclose information pertaining to the company's registered agent when that company is the grantee of a deed for residential real property and such property is intended to be used for residential rental purposes. The disclosure of this information would be made at the time when the company files the deed for recording. In addition, if the registered agent is not a member of the company, an affidavit identifying at least one member of the company shall be appended to the deed. The disclosures called for in this bill would be required regardless of the number of rental dwelling units contained on the property.
AI Summary
This bill requires limited liability companies (LLCs) and foreign LLCs that are purchasing residential rental property to disclose certain information when they record the deed. Specifically, if an LLC or foreign LLC is the grantee (the buyer) of a deed for residential property intended for rental, regardless of how many rental units are on the property, they must append an affidavit to the deed. This affidavit must identify the company's registered agent, who is the designated person or entity to receive official legal documents on behalf of the company. If the registered agent is not a member of the LLC, an additional affidavit must be included that identifies at least one member of the company. These new disclosure requirements are being added to existing rules for recording deeds in New Jersey.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Housing Committee (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A4377 |
| BillText | https://pub.njleg.gov/Bills/2026/A4500/4377_I1.HTM |
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