Flood Risk Notification
Flood risks in New Jersey are growing due to the effects of climate change. Coastal and inland areas may experience significant flooding now and in the near future, including in places that were not previously known to flood. For example, by 2050, it is likely that sea-level rise will meet or exceed 2.1 feet above 2000 levels, putting over 40,000 New Jersey properties at risk of permanent coastal flooding. In addition, precipitation intensity in New Jersey is increasing at levels significantly above historic trends, placing inland properties at greater risk of flash flooding. These and other coastal and inland flood risks are expected to increase within the life of a typical mortgage originated in or after 2020.
In response to these increasing risks across the state, the New Jersey flood risk notification law was enacted on July 3, 2023. The law requires landlords and sellers of real property to make certain disclosures concerning known and potential flood risks.
Beginning March 20, 2024, every landlord must provide notice to prospective renters, including:
- whether the rental property is located in FEMA’s Special Flood Hazard Area or Moderate Flood Hazard Area and
- actual knowledge that the rental premises or any portion of the rental premises, such as tenant parking spaces, have been subjected to flooding.
See full law here.