(a) Any
tenants who begin their initial tenancy after the master deed or deed
establishing fee simple lots or deed to a cooperative corporation or
association is filed by the owner must be provided at the time of applying and
at the establishment of a rental agreement with a separate statement conforming
exactly to the words in capital letters which follow. The statement must be
included as the first clause of any written lease. This is the
statement:
STATEMENT
THIS BUILDING (PARK) HAS BEEN CONVERTED TO A CONDOMINIUM OR
COOPERATIVE OR TO FEE SIMPLE OWNERSHIP OF THE DWELLING UNITS OR PARK SITES.
YOUR TENANCY CAN BE TERMINATED UPON 60 DAYS NOTICE IF YOUR APARTMENT (OR PARK
SITE) IS SOLD TO A BUYER WHO SEEKS TO PERSONALLY OCCUPY IT. IF YOU MOVE OUT AS
A RESULT OF RECEIVING SUCH A NOTICE, AND THE LANDLORD ARBITRARILY FAILS TO
COMPLETE THE SALE, THE LANDLORD SHALL BE LIABLE TO YOU FOR TREBLE DAMAGES AND
COURT COSTS.
(b) If a tenant whose
tenancy began after the conversion was initiated and was not given proper
notice as provided in (a) above, the tenant will have the right to a three year
notice as provided for in the previous portion of these regulations.
(c) If an owner has given the proper
statement as part of the lease as described in (a) above, the owner will still
be required to provide a 60-day notice prior to instituting court action for
eviction which specified the cause in detail and is served personally as
required for any eviction. The notice must say that the apartment has been sold
to a buyer who seeks to personally occupy it.
Notes
N.J. Admin.
Code §
5:24-1.9
Amended by R.1985 d.529,
effective 10/21/1985.
See: 17 N.J.R. 1706(a), 17 N.J.R. 2536(a).
Substantially amended.
