Is there rent control in Newark?
Newark limits annual rent increases on covered multi-family rental housing to the change in the Consumer Price Index for the New York-Northern New Jersey-Long Island area, or 4%, whichever is lower (§ 19:2-3). The 4% is a fixed ceiling written into the ordinance rather than a figure republished each year, and because the CPI component is frequently below it, the permitted increase in a given year is often less than 4%. Newark has no vacancy decontrol: the cap applies irrespective of the number of different tenants who occupy the unit, any change of ownership, or any vacancy, so a landlord may not reset the rent to market between tenancies. New construction is exempt for up to 30 years, or the mortgage amortization period if shorter, and substantially rehabilitated units receive a shorter exemption; a certificate of exemption must be obtained before occupancy.