Home sellers would tell buyers to check local rent rules

Sellers or their attorneys would give buyers a notice telling them to check local rent rules. This covers purchases of New Jersey homes where local rent rules may affect the property if the buyer rents it out. The notice would appear on the home's condition disclosure form. The buyer would acknowledge receiving it, whether it was sent electronically or on paper with a return receipt. The Division of Consumer Affairs would decide how the notice appears on the form. Sellers or their attorneys would provide the notice at closing. The requirement would take effect immediately if the bill becomes law.