Sept 2024

RECENT LEGAL... from page 30.

Key points from this law, found in N.J.S.A. §§ 46:8-9.13 to -9.14; 2C:25-29, include: • Allowing domestic violence victims to change locks on rental units if they have restraining orders. • Associations acting as landlords

must change locks within 48 hours of being notified by a victim, or the victim can do it themselves. • Victims must provide new keys to the association within 48 hours of changing the locks.

Domestic Violence Protections On November 20, 2023, a new law boosting protections against domestic violence came into play.

“While this targets traditional landlord-tenant setups, associations renting out units are also on the hook.”

While this targets traditional land lord-tenant setups, associations renting out units are also on the hook. You’ll need to adapt your policies to provide quick help to affected residents, boost New Jersey has strengthened disclo sure requirements for flood risks under the Truth-In-Renting Act (N.J.S.A. § 46:8-50). Now, sellers must disclose a property’s flood history to potential buyers and tenants or inform them if the property is in a FEMA Flood Hazard Zone before signing sales contracts, leases, and renewals. This applies to both selling and renting units. You can find all the disclosure forms and info on flood risks at https://flooddisclosure.nj.gov. The Department of Community Affairs has also released a Flood Risk Notice that must be included as a rider to New Jersey leases, available here. CONTINUES ON PAGE 34 ing their safety and security. Flood Risk Warnings

of industry-defining community management

Accounting Accurate accrual-based financial reporting Management Time tested maintenance solutions Communication Keeping boards, owners and residents informed Technology Leading-edge software platforms and financial tools

To learn more, visit IntegraMgtCorp.com or call Edward San George, MPA, PCAM at ( 973) 770-1500 .

200 Valley Road, Suite 203 Mt. Arlington, NJ 07856

32

SEPTEMBER 2024