Newark Targets Derelict Property Owners with New Ordinance
Industry Update
October 21, 2022
Source: patch.com
“Blighted” properties can drag a neighborhood down in several ways. That’s why a new local law in Newark aims to tackle the problem by penalizing unreachable corporations and absentee lot owners, city officials say.
Earlier this week, the Newark Municipal Council approved an ordinance that will jack up annual registration fees for residential properties if they remain unrenewed. The result? Property owners who abandon their lots will be hit where it hurts – their wallets, according to a statement from the office of Mayor Ras Baraka.
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