[Amended 9-17-1986 by Ord. No. V-67]
A.
The owner of any dwelling unit other than those exempted below shall be subject to the provisions of this chapter.
B.
The following are exempt from the provisions of this chapter:
(1)
Units in owner-occupied buildings where there are four units or less and one of these units is owner-occupied.
(2)
Units in newly constructed buildings which are being rented for the first time. After the first rental, such units will be subject to the provisions of this chapter.
(3)
Units where the owner is participating in an affordable housing project approved by the Community Development Agency of Hoboken.
(4)
Units in a building whose owner has transmitted his first sixty-day notice of his intentions to convert the building into a condominium or cooperative and his full plan of conversion to the City Clerk pursuant to N.J.S.A. 2A:18-61.8.
(5)
Units in motels and hotels.