The Governor signed new landlord-tenant regulations into law on Friday, June 16, 2019. These new laws will affect your rental properties. Here, at Weichert, Realtors-Lilac Properties, sat down with our attorney, John Nacca from Nacca Law on Monday to discuss the changes and how they will affect you as owners. We also attended his landlord conference conducted by our attorney on Thursday, June 20, 2019, regarding these changes to brainstorm the best ways to safeguard YOUR investment.
Below are MAJOR changes to the existing regulations and also new regulations:
- Before initiating a non-payment proceeding, the required notice has been changed from a 3-day oral or written demand to a 14-day written demand. The written demand must be served in accordance with the statute
- Court dates must be scheduled at a minimum of 10 days out as opposed to the prior 5-day rule
- We must give written notice by certified mail if rent is not received in full before the 5th of the month
- Tenants can redeem (pay the outstanding base rent) up to the point of lockout
- Execution of Warrants (lockouts) is now 14 calendar days as opposed to 3 business days from the date of service of the warrant
- Month-to-month tenancies have to be terminated in writing as follows:
- 30 days if the tenancy has been less than 1 year;
- 60 days if the tenancy has been more than 1 but less than 2 years;
- 90 days if the tenancy has been more than 2 years
- Any cure period for lease violations has been changed to a 30-day cure period
If you liked further clarification, you can keep an eye on the Nacca Law website as they will be posting a summary of the law on their homepage in the coming days. Below is a summary of some changes you will be seeing. For further information, the bill can be found here.
As always, please don’t hesitate to email Caitlyn with any questions you may have! **We are not attorneys and this information is not to be construed as advice**