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New Member
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Nov 20, 2007, 09:54 PM
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Rent increase on rent control in Jersey City, NJ
Does anyone know the what the percentage of rental increase is for a rent control building in Jersey City? Also, can the landlord ask for additional deposit for the rental unit?
Thanks... Jay
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New Member
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Aug 18, 2010, 11:32 AM
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The percentage depends on the national CPI Consumer Price Index, and usually does not exceed 2.5%. And yes, the landlord can ask that you maintain the proper decurity deposit when this increase does happen and this cannot by law exceed 1.5 times the rent of the unit.
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New Member
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Aug 18, 2010, 11:32 AM
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The percentage depends on the national CPI Consumer Price Index, and usually does not exceed 2.5%. And yes, the landlord can ask that you maintain the proper decurity deposit when this increase does happen and this cannot by law exceed 1.5 times the rent of the unit.
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New Member
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Aug 18, 2010, 11:36 AM
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New Jersey Local governments in New Jersey, such as Jersey City and Camden, impose maximum rent increases. For Jersey City, the annual maximum allowable increase is 4% or the Consumer Price Index (CPI-W), whichever is less. A hardship Rental Increase is also allowed to give landlords a fair return on their investments. Fair return is defined as 6 percentage points above the savings interest rate. In Camden, the annual allowable increase is the CPI or 6%, whichever is less.
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New Member
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Aug 30, 2010, 04:09 AM
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I am a landlord and rent out a single family dwelling in burlington county nj what are the guidelines for a rent increase and also proper notice to tenant
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Expert
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Aug 30, 2010, 06:05 AM
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 Originally Posted by deenice10
... what are the guidlines for a rent increase ...
What part of Landlordhelper's answer to the OP's question didn't you understand?
Oh, and please don't pile your question on a thread started by somebody else. Start your own.
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New Member
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Apr 24, 2012, 10:12 AM
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What is Newark, NJ annual maximum allowable rent increase?
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