New Jersey Security Deposit Return Letter Format
Description
How to fill out New Jersey Letter From Landlord To Tenant Returning Security Deposit Less Deductions?
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FAQ
A Security Deposit Receipt provides proof that payment of a security deposit was made and received by the landlord, and it documents the amount that was paid, when it was paid, who made the payment, and the method of payment.
RETURN OF SECURITY DEPOSIT Within 30 days after the termination of a tenant's lease the landlord must return the tenant's security deposit plus the tenant's portion of interest, less any allowable fees, by personal delivery, certified or registered mail.
However, the landlord may deduct from the security deposit money for property damage that is more than ordinary wear and tear and any money due the landlord under the lease or agreement. If the amount of money owed to the landlord exceeds the amount of the security deposit, the landlord may sue for the difference.
A security deposit agreement is an agreement between a landlord and a tenant where the tenant deposits a specific amount of money with the landlord at the time the lease is signed. This security deposit is usually an amount between and three months of rent.
This letter is to notify you of damages to the property at (address) ________________________ that occurred during the time you occupied it, from (move-in date)_____________ to (move-out date)______________. To repair the below damages, $ _____________ will be withheld from your $____________ security deposit.