Landlord Guide
NJ - Updated 2025
New Jersey Landlord Security Deposit Guide
Everything New Jersey landlords need to know about collecting, holding, and returning security deposits legally.
Max Deposit
1.5 months rent
Return Deadline
30 days
Separate Account
Required
Interest
Required
New Jersey Landlord Checklist
Collecting
- Maximum: 1.5 months rent
- Provide written receipt
- Deposit in separate account
- Document move-in condition
- Take dated photos
Deducting
- Only for damage (not wear)
- Keep repair receipts
- Get multiple quotes
- Itemize all deductions
- Document with photos
Returning
- Deadline: 30 days
- Include itemized statement
- Include required interest
- Mail to forwarding address
- Keep proof of mailing
Penalty for Non-Compliance: 2x deposit
If you fail to return the deposit or itemized statement within 30 days, or wrongfully withhold the deposit, you may face:
- 2x deposit
- Payment of tenant's attorney fees
- Court costs if tenant sues
- Loss of right to make deductions
Create New Jersey Security Deposit Documents
Generate compliant deposit receipts, inspection forms, and deduction letters.