Asbury Park’s Rent Control Ordinance:

Effective June 1st 2021

Key Points:

• Caps rent increases at 3.5% or CPI, whichever is greater:
• CPI has been below 3.5% for several decades, and is forecasted to remain at 2% or less for the foreseeable future
• Real rent protections will actually be in place to help those residents who need it
• Vacancy Decontrol alleviates the impact to your taxes and is central to the City’s ordinance
• It is the only fair way to balance renter and homeowner interests
• Fair representation on the Rent Leveling Board
• Enforces compliance with Standards of Service as required by law
• Ordinance is flexible and can be amended at any time depending on the City’s needs