"New Jersey Rent-to-Own Rights Protection Act"; protects tenant-buyers in residential rent-to-own agreements.

This bill establishes the "New Jersey Rent-to-Own Rights Protection Act" to protect tenants in rent-to-own agreements (where renters pay rent with an option to buy later). It requires landlords to provide written agreements detailing all terms - including purchase price, option fee refundability, rent credits toward ownership, and responsibility for property costs - and gives tenants the right to an independent property inspection before signing. Landlords cannot force tenants to forfeit payments without a 30-day cure period for default, and agreements must include disclosures about property condition, liens, and insurance. Violations are treated as consumer fraud under New Jersey law, allowing tenants to seek $10,000 in statutory damages plus legal fees.