Question Details

Jerry Barker, Real Estate Pro in Atlantic City, NJ

Has anyone heard of Landlords charging tenants a Rent Default Deposit?

Asked by Jerry Barker, Atlantic City, NJ Wed Dec 14, 2011

This is on top of already having charged 1.5 months security deposit. Is this legal in NJ?

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Jerry each state sets a limit of what can be collected. Here in NH you can only collect the forst months rent and 1 months security. You can not collect last months rent or additional security for pets or smokers. In NJ of it it 1.5 times than no matter what it is called after 1.5 times is collected it may not be legal.
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1 vote Thank Flag Link Wed Dec 14, 2011
I am both a realtor and a landlord. I have researched these issues for my own edification as a landlord. As far as I know NJ law caps a security deposit at 1.5 months, period. It specifies there can be no additional 'pet deposit' so I can't imagine a 'rent default' deposit is permitted. Is it your listing? I would be hesitant to get involved. At the very least you should consult a landlord/tenant attorney to be sure the landlord is within his rights.
1 vote Thank Flag Link Wed Dec 14, 2011
I have never heard of this!
0 votes Thank Flag Link Wed Dec 14, 2011
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