New Jersey § 55:18-6
Full text of New Jersey New Jersey Statutes § 55:18-6, with citation guidance and answers to common questions.
§ 55:18-6.
a. A schedule of rents under subsection e. of section 4 of this act 1 shall provide for total revenue sufficient to meet the necessary operating costs,
debt service and other necessary commitments of the lessee over the entire term of
the lease, including surcharges permitted under section 7 of this act; 2 but shall not exceed amounts feasible for the accommodation of tenants of low and
moderate income. b. The schedule of rents may provide for adjustment of rents in accordance with income
levels, family size, or extraordinary financial hardships of particular tenants, in
order to assure adequate accommodation of the housing needs of persons of low and
moderate income. c. The schedule of rents shall not be altered during the term of the lease without
consent of the lessor municipality, except as the lease may provide for automatic
adjustments based on established operating costs; and the lease shall specify the
manner in which such alterations may be from time to time proposed, negotiated, and
allowed or disallowed. 1
N.J.S.A. § 55:18-4. 2
N.J.S.A. § 55:18-7.
Frequently Asked Questions About New Jersey § 55:18-6
What does New Jersey Statutes § 55:18-6 cover?
Section 55:18-6 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 55:18-6?
A common citation format is "New Jersey Statutes § 55:18-6" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 55:18-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.