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Commonly Asked Questions about Security Deposit Law

The state has implemented Assembly Bill 12, which limits a security deposit to one months rent for all but the smallest of landlords, beginning July 1. The days of needing to save two to three months worth of rent for a security deposit are largely over in California.
Here is a concise overview of the key points: Landlords in New Jersey can request a maximum of 1.5 months rent as a security deposit, ing to the New Jersey Security Deposit Law. The law clearly states that the deposit must be returned to the tenant within 30 days of the lease termination.
If the landlord doesnt return the entire security deposit within 21 days or the tenant doesnt agree with the deductions they can write a letter asking the landlord to return the security deposit.
A landlord must return a tenants security deposit and any interest, minus any portion that was rightfully subtracted, within 30 days after the tenant moves out.
The law limits the amount of security deposits. o Until July 1, 2024, the limit is two times the monthly rent (or, for furnished units, three times the rent). o After July 1, 2024, the limit is one months rent.
Effective July 1, 2024, California residential landlords will generally only be able to charge security deposits equal to one months rent with some exceptions for smaller landlords. This is pursuant to Assembly Bill 12 approved in 2023 by California Gov.
Normal wear and tear generally refers to the expected deterioration of a rental unit as a result of the tenants everyday use. This can include things like loose doorknobs, worn out carpet, and minor scratches on the walls and floors.