11/23/2020
For the past several months, we have been providing our clients with status updates regarding court closures and delays in lockouts. During this difficult time for landlords, our concern has been the idea that the State of New Jersey has no plan about how eviction actions will resume. New Jersey currently has 50,000 eviction cases awaiting trial, and while many landlords believe that one day, the courts will just re-open and all the non-paying tenants will be evicted, it always seemed to me that New Jersey was going to try to avoid the prospect of 50,000 tenants being evicted all at once. We have just been informed of the plan, which is designed to help defer rent payments, even if it means that most landlords in New Jersey will be out of business as a result.
Some of the following is part of an urgent message from the New Jersey Apartment Association:
WE NEED YOUR HELP!!! Please let the New Jersey Legislature know that you vehemently oppose Senate Bill S-2340, which would devastate the residential rental business and put your livelihood at risk. Here are some of the highlights of the Bill:
a. Eviction proceedings shall not be initiated or continued during the time provided in the executive order, unless the court determines on its own motion or motion of the parties that a proceeding is necessary in the interest of justice; and
b. A prohibition preventing landlords from imposing late fees on residential tenants; and
c. A 90-day repayment window for each month of rent arrears for a residential tenant, beginning with the first day of the second month next following the conclusion of both the state of emergency and public health emergency.
The bill would rewrite existing lease agreements and force landlords into prolonged, multi-year repayment plans for tenants who have failed to pay rent. We believe that this Bill, if passed, would further incentivize the nonpayment of rent, bankrupting small landlords and severely impacting larger landlords. Your income and the viability of the residential rental industry is at risk because of this legislation.
This bill is poised to move, and advocates are pushing hard with email blasts and letters to legislators. We need your help to let legislators know that this bill is not a solution!
We urge you to send this letter to your legislator requesting that they oppose this bill. Please share this with your colleagues, employees and vendors and ask them to do the same to ensure that the multifamily industry’s voice is heard.
Don’t delay! Act today!