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Hoboken adopts disclosure requirement for rent increases over 10% for existing tenants
Summary
The Hoboken City Council passed an ordinance requiring landlords to provide itemized disclosures to existing tenants for rent increases of 10% or more, including whether a rent algorithm was used and contact information for the Hoboken Division of Housing; enforcement of unconscionable rent claims remains a matter for the courts.
The Hoboken City Council approved an ordinance to add a mandatory disclosure requirement for certain rent increases, compelling landlords to give existing tenants an itemized explanation when a rent increase is 10% or higher and to state whether a rent-determination algorithm was used.
Council members framed the ordinance as an informational requirement intended to empower tenants in units not covered by local rent control. Councilman Cantero described the rule as applying to “existing tenants only” and said the disclosure must either be included in a lease renewal or provided on a standard form created by the Division of Housing. The required disclosure will list itemized costs behind the increase, state whether a rent algorithm was used, provide the tenant with notice of their rights, and include…
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