There is legislation up for a vote on Tuesday, June 30 that could set a dangerous precedent for contract law in New Jersey.
The proposed bill would require landlords to refund lease payments and you to refund your commissions on short-term rentals if a tenant cancels their rental booking while a state of emergency or public health emergency is in effect.
Beyond the financial implications, this legislation could have unintended and unprecedented consequences on contract law in the state. For the state legislature to override real estate contracts would likely set a far-reaching precedent in New Jersey.
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