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Under New Jersey law, a landlord must return the tenants security deposit within 30 days after the tenant has surrendered the rental property to the landlord (that is, returned the keys and vacated the property), but within five days in case of fire, flood, condemnation, or evacuation.
When can my landlord withhold my deposit? Unpaid rent. Paying rent on time is key to being a good tenant and maintaining a positive relationship with your landlord. Cleaning costs. Damage to the property. Pet damage. Lost or broken items. Neglect. Redecoration. Fair wear and tear.
Within 30 days after the termination of a tenants lease the landlord must return the tenants security deposit plus the tenants portion of interest, less any allowable fees, by personal delivery, certified or registered mail.
Your Security Deposit (SD) Liability Account should equal the amount of security deposits listed on the rent roll. 2. The sum of your Security Deposit Liability account plus your Interest on Deposits account should equal the amount in your Security Deposit Cash Account. SD LIAB + SD INT = SD CASH 3.
4. Security Deposit Deductions in New Jersey Unpaid rent. Damage to the property more than normal wear and tear.
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Before returning your money, the landlord may deduct any charges you owe under the lease agreement. This includes any rent you owed when you were displaced.
If the landlord does not return the security deposit within 30 days from the date the tenant moves out or vacates the premises, the tenant may sue to recover double the amount due, plus court costs and reasonable attorneys fees, if any.
The person paying the security deposit would credit the asset account Cash and would debit the asset account Security Deposits. The person receiving the security deposit would debit the asset account Cash and would credit the liability account Security Deposits Returnable.
Gathering Evidence for Court a copy of your demand letter and other correspondence with your landlord regarding the deposit. a copy of your signed lease or rental agreement and any written guidance your landlord provided on deposits and cleaning, including state-required disclosures on security deposits.
Before returning your money, the landlord may deduct any charges you owe under the lease agreement. This includes any rent you owed when you were displaced.

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