New Jersey Sample Letter for Deposit of Funds
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How to fill out Sample Letter For Deposit Of Funds?
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FAQ
What is Considered Normal Wear & Tear vs Damage in New Jersey? Normal wear and tear is damage that is expected when a rental unit is used in a normal way, such as gently worn carpets and faded walls.
Dear [Landlord's Name], I am writing to request that you return my security deposit in the amount of $_____. I vacated my rental unit at [rental address] on [move out date] and left it in excellent condition, which you acknowledged on our final walkthrough.
You'll need to contact your landlord at the end of your tenancy and ask them for your deposit. If your home is managed by a letting agency, you'll need to contact them instead. It's best to write or email when you ask for your deposit back - if you do, you'll have a record of when you asked for it.
How to write a security deposit return letter Landlord's name and contact information. Tenant's name and contact information. Date of the letter. Amount of security deposit being returned to the tenant. Breakdown of any deductions made from the security deposit, including an explanation for each deduction.
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.
New Jersey is not landlord-friendly because laws favor tenants. Many cities have rent control policies, there are limits on rent increases, and the eviction process can be slow. Read more of our state landlord tenant law guides here.
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.
Landlords are not permitted to require more than one and one half times the monthly rental payment as a security deposit. Any additional yearly security deposit increase may not exceed 10% of the current security deposit. There is no time limitation within the statute for making a request of a deposit.
