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I have a few questions. I live in a 6 family house/building which is rent controlled in JC, NJ. We are all a bit worried right now. Section 8 and disability tenants are here also. The leases automatically renewed and they are the generic ones.
If the landlord looses the house because of a hefty lien, what happens to us?
Can a new owner require that any family of the old landlord to move out in the contract or verbally without the consent of the family members who do live here and do not want to leave?
Can new owners jack up the rent from 880 to 1500+ because they did very necessary and needed repairs?
We heard it all from the prospective buyers wanting to make condos to splitting up the apartments even more and rent to the college kids. Right now, there is nothing out there like this place, and for this price, even with the amount of work that needs to be done. None of us can really afford to move. Do we have any rights?
Thanks for any help.