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28 Sep Security Deposit Returns In New Jersey If the landlord fails to either return the security deposit or provide an accounting of damages within the required time frame, under N.J.S.A. -21.1, she may be liable for double the amount that was wrongfully withheld from the security deposit.
This is an acknowledgment that the Tenant [Insert Tenant's Name] residing at [Insert Tenant's Address], paid the Landlord a Security Deposit of [Insert Amount of Security Deposit Paid] on [Insert Date the Deposit Was Received].
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.
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.
Every tenant in New Jersey has the right to get their security deposit returned whenever they move out of the rental property. In these cases, the security deposit must be returned within 30 days of the tenant leaving the unit.