An owner of qualified real rental property shall
provide a property tax rebate to the tenants thereof as provided in
the Tenants' Property Tax Rebate Act for each year in which the owner of such rental property
receives a property tax reduction, pursuant to N.J.S.A. 54:4-6.4.
The tax rebate shall be issued to the tenant
in the form of a certified check or money order or by cash that is
accompanied by a receipt.
Any property owner of qualified real rental
property who fails to provide a tenant or, in the case of a lease
terminated pursuant to P.L. 1971, c. 318 (N.J.S.A. 46:8-9.1), the
executor or administrator of the estate of the tenant or the surviving
spouse of the tenant so terminating the lease with a property tax
rebate in accordance with the provisions of the Tenants' Property
Tax Rebate Act shall be liable to the tenant or tenant executor, administrator
or surviving spouse for twice the amount of the property tax rebate
to which the tenant is entitled or $100, whichever is greater, pursuant
to N.J.S.A. 54:4-6.11.