New Jersey legislation · 2026-2027 Regular Session
New Jersey S4833: Municipal rent control & rent leveling ordinances-concerns exemptions
Status: In committee, October 15, 2026
Concerns exemptions to municipal rent control and rent leveling ordinances.
What the bill says
An Act concerning exemptions to rent control and rent leveling ordinances, and supplementing and amending P.L.1987, c.153.
From the introduced text, October 15, 2026:
An Act concerning exemptions to rent control and rent leveling ordinances, and supplementing and amending P.L.1987, c.153. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. (New section) The Legislature finds and declares that: a. P.L.1987, c.153 (C.2A:42-84.1 et seq.) established a temporary exemption from rent increase limitations as an incentive to construct new rental housing; b. The exemption rewards developers who build multiple dwellings for rental occupancy by permitting market-rate rents during an initial period; c. Units constructed for sale have been built in response to a different market incentive and were not intended to benefit from the exemption established by P.L.1987, c.153 (C.2A:42-84.1 et seq.), regardless of whether any sale occurs or the units are later offered for rent; d. The terms of the exemption, including the duration of the exemption period as determined by the initial mortgage loan, are fixed at the time of the original construction event and are not subject to reset, revival, or re-establishment through changes in ownership, financing, legal structure, or marketing of the multiple dwelling during or after the course of construction; e. The Legislature did not intend, and P.L.1987, c.153 (C.2A:42-84.1 et seq.) has not at any time provided, that a transfer of ownership, substitution of financing, or conversion of individually owned dwelling units …
Sponsors
- Brian P. Stack (D, 33) · primary sponsor
Latest actions
- : INT 1RS REF SCU
Subjects: HOUSING - LANDLORD AND TENANT, LOCAL GOVERNMENT - MUNICIPALITIES
Common questions
- What is S4833?
- S4833 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Municipal rent control & rent leveling ordinances-concerns exemptions.
- What does S4833 do?
- In its own words: An Act concerning exemptions to rent control and rent leveling ordinances, and supplementing and amending P.L.1987, c.153.
- What is the status of S4833?
- In committee as of October 15, 2026. Latest action: INT 1RS REF SCU (October 15, 2026).
- Who sponsored S4833?
- Brian P. Stack (D, 33).
- Where is the official record for S4833?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4833
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.