Renters May Now Use Security Deposit For Rent Payments

On Friday, April 24th Governor Murphy signed Executive Order -128 allowing renters to utilize their security deposits for rental payments. For a copy of this order click here. This order went into effect immediately and will last for 60 days after the Public Health Emergency ends.

Residential tenants must make a written request to apply their security deposit to the rent. Replenishment of the deposit would take place 6 months after the end of the Public Health Emergency or upon lease renewal or extension. For month to month residential tenants, the interpretation is they must replenish their security in month 6 after the end of the emergency.

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Security Deposit Replenishment after COVID -19 Health Emergency

On April 24, 2020 Governor Murphy signed Executive Order (EO) 128 allowing residential tenants to apply their security deposits to their rent accounts, subject to being replenished in accordance with the terms of that Order.   The Order provides in pertinent part...

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