If A Landlord In NJ Does Not Deposit The Security Deposit Into A Landlord Tenant Account, What Rights Does The Tenant Have At The End Of The Lies?
In NJ, a landlord is supposed to deposit the security deposit into and interest bearing account. What happens if the account was never opened, how is the interest owed determined?
In n.h, the landlord has 30 days in which he must send the tennant a certified letter telling them which bank the deposit is being held and what interest rate it will earn. If he does not then the tennant will be entitled to double the security. Same goes when a tennant vacates. The landlord has 30 days to send a certified letter telling why he is withholding some or all the deposit or the tennant will get double the deposit. Go to your local library and look up landlord/tennant laws for your state.