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PARKS v. HAZLET TP. RENT CONTROL BD.

107 N.J. 217 (1987)

526 A.2d 685

DANIEL PARKS, SR., DANIEL PARKS, JR., AND JOHN HOLDEN, PARTNERS, T/A HOLLY HILL MOBILEHOME TERRACE, PLAINTIFFS-APPELLANTS, v. RENT CONTROL BOARD OF THE TOWNSHIP OF HAZLET AND TENANTS ASSOCIATION OF HOLLY HILL MOBILEHOME TERRACE, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided June 11, 1987.

Attorney(s) appearing for the Case

Christopher J. Hanlon argued the cause for appellants (Gross & Hanlon, attorneys).

Ronald Schwartz argued the cause for respondent Tenants Association of Holly Hill Mobilehome Terrace.

Michael J. Gross argued the cause for respondent Rent Control Board of the Township of Hazlet (Kenney, McManus & Kenney, attorneys).

PER CURIAM.

We granted certification, 107 N.J. 217 (1986), to consider the plaintiffs' contention that the effect of the judgment below was to hold that the use of a net-operating income ratio in a municipal rent control ordinance foreclosed any further inquiry into the issue of fair return. We agree that a net operating income ratio is but one of the measures that a municipality may employ to guide rent control boards in the discharge...

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