The following words and phrases, when used in this article,
shall have the meanings ascribed to them in this section, except where
the context clearly indicates a different meaning:
BUSINESS
Any person or entity offering and/or engaged in buying, selling,
storing, and/or transferring merchandise, goods, real property, personal
property, moneys, services, and/or other items who do so for a fee,
price, retainer, commission, percentage, and/or other means of compensation
for the purpose, stated or otherwise, of realizing a profit or other
gain.
CERTIFICATE OF INSURANCE
A proof of current liability insurance insuring against negligent acts and omissions for a particular property and premises in an amount required in Town Code §
213-29A or
B issued by an insurance company and stating coverage for a particular property and premises.
OWNER
A person as defined in Town Code §
1-15 who owns, possesses, or has the right to control through any agency agreement any residential rental unit or units, or who owns or possesses a business which owns or possesses any residential rental unit or units.
RESIDENTIAL RENTAL UNIT
Any single-family residence, apartment, studio, condominium,
and/or other dwelling designed to be occupied by one or more persons
and rented, leased and/or otherwise offered for use by other than
the owner for one or more nights in a calendar year.
All persons who own, possess, or control any business or residential
rental unit or units located within the Town of Newton shall annually
register each and every said business or residential unit or units
with the Municipal Clerk of the Town of Newton in such form as may
be required by the Town of Newton from time to time.
A. All businesses or residential units shall be registered with the
Municipal Clerk no later than February 25 of the first full calendar
year after this article shall become effective. Thereafter, all businesses
or residential units shall be registered with the Municipal Clerk
no later than January 30 of each calendar year.
B. The annual fee for registering as a business or as a residential
rental unit owner with the Town of Newton is $200 per business or
residential rental unit for the first year and $100 for each subsequent
year thereafter.
[Amended 11-27-2023 by Ord. No. 2023-31]
C. A residential rental unit owner shall be required to register all
residential units owned by that owner every year when registering
as a residential unit owner with the Municipal Clerk.
D. There shall be a late fee of $25 for every registration which is
submitted after January 30 of each calendar year.
E. All residential rental units located in any residential setting which
is regulated, registered, or otherwise subject to the jurisdiction
of the New Jersey Department of Community Affairs Bureau of Housing
Inspections are exempt from this requirement.
The owner of a business, owner of a rental unit or units, and/or
the owner of a multifamily home of four or fewer units, one of which
is owner-occupied, shall annually register the certificate of insurance
demonstrating a certificate of insurance with the Town of Newton as
follows:
A. Except as provided in Subsection
B of this section, the owner of a business or the owner of a rental unit or units shall maintain liability insurance for negligent acts and omissions in an amount of no less than $500,000 for combined property damage and bodily injury to or death of one or more persons in any one accident or occurrence.
B. The owner of a multifamily home which is four or fewer units, one
of which must be owner-occupied, shall maintain liability insurance
for negligent acts and omissions in an amount of no less than $300,000
for combined property damage and bodily injury to or death of one
or more persons in any one accident or occurrence.