Extends grace periods for rental late charges for certain tenants who receive public assistance payments.

S 2905 extends the grace period before landlords can charge late fees for tenants receiving public assistance payments. It requires the grace period to begin only after the tenant receives their monthly public assistance payment (e.g., Social Security, SSI, or Work First NJ), not from the rent due date. Landlords cannot impose late charges during the five-business-day period following the tenant's public assistance payment date. Leases must specify when tenants receive these payments each month. This applies to all qualified tenants (those receiving public assistance) under existing rental agreements entered into or renewed 90 days after the bill takes effect.