Establishes Statewide limitation on rent increases.

S 452 would limit annual rent increases to 5% plus the local cost-of-living change (or 10% maximum) for most rental units in New Jersey. It affects landlords and tenants in standard residential leases, but excludes affordable housing units, new constructions (within 15 years), single-family homes owned by individuals (not corporations), and duplexes where the landlord resides. The cap applies only to future rent increases, not current rates, and tenants could challenge violations through existing tenant protection laws. The bill does not alter current rent levels or apply to exempt properties like dormitories or government-subsidized housing.