Pay annual security deposit interest and give account notice. Each year on the lease anniversary, or on January 31 if you told the tenant in writing that interest is paid then, pay or credit the security deposit interest and give a written notice naming the bank and its address, the account type, the current interest rate, and the deposit amount, because a tenant who is not paid or notified can, after a 30-day written warning, apply the deposit plus 7 percent annual interest to rent.
The New Jersey rule
Each rule shows its schedule, its primary sources, and the date it was last verified.
Related rules in New Jersey
The New Jersey guide lists every compliance obligation, the seasonal maintenance calendar, and baseline upkeep.
Open the New Jersey landlord guide · Security deposit interest in every state
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