New Jersey Security deposit limit

Related New Jersey rules

Deposit return deadline

Within 30 days after the tenant moves out: return the deposit plus interest, less itemized deductions. A tenant who wins in court gets double the amount owed, plus costs.

Verified Source: N.J.S.A. 46:8-21.1 · last checked 2026-10-23 · Full New Jersey deposit return deadline page

Interest on deposits

Required. Deposits must be held in trust in an interest-bearing account at a New Jersey bank (or, for 10+ units, an insured NJ money market fund or variable-rate account). Interest belongs to the tenant and is paid in cash or credited to rent yearly. Written notice of the bank, amount, account type and rate is due within 30 days and at each annual payment.

Verified Source: N.J.S.A. 46:8-19 · last checked 2026-10-23 · Full New Jersey interest on deposits page

Move-in/move-out checklist

There is no New Jersey statute requiring a move-in inspection or condition checklist. keyword search of N.J.S.A. 2A:18, 2A:42 and 46:8 (official download through P.L.2026, c.50). The security deposit law (N.J.S.A. 46:8-19 et seq.) governs deposits but does not require a checklist; documenting condition is still wise.

Verified Source: N.J.S.A. 46:8-19 · last checked 2026-10-23 · Full New Jersey move-in/move-out checklist page