Common use of RENT CONTROL Clause in Contracts

RENT CONTROL. Pursuant to N.J.S.A. 2A:42-84.1 et. seq. Xxxxxx’s Apartment at the Development located in the City of Neptune is exempt from rent control for a period of time not to exceed the period of amortization of any initial mortgage loan secured by the Landlord or for 30 years following completion of construction, whichever is less.

Appears in 6 contracts

Samples: Apartment Lease Contract, Apartment Lease Contract, Apartment Lease Contract

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