A 892 New Jersey General Assembly · 2024-2025 Regular Session

Expands liability of certain individuals associated with limited liability companies and other commercial entities, when acting as residential landlord.

This bill expands liability for housing, building, and health code violations by holding certain individuals personally responsible when their commercial entity (like a corporation or limited liability company) acts as a residential landlord. Specifically, it allows courts to hold members of member-managed LLCs with at least 10% ownership, managers of manager-managed LLCs, and corporate directors/officers jointly and severally liable for unpaid code charges, provided there are at least three unpaid charges after 13 months, proper notice was given to relevant parties, and the individual doesn't successfully claim they couldn't ensure payment. The bill also updates landlord registration requirements to require commercial landlords to provide detailed information about associated individuals when registering. This affects commercial entities that own residential rental properties and their associated individuals, making those individuals potentially personally responsible for code violations that remain unpaid for over a year.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
2 primary · 2 co-sponsors

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