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.

Read More About COVID-19

Read More News & Views

From Regulations to Financial Strategies: Transform Your Landlord Experience with POA’s 2025 Agenda

As the property management landscape continues to evolve, staying informed and prepared is more crucial than ever for landlords and real estate professionals. The Property Owners Association (POA) is poised to be a guiding light in this transformation with their 2025...

NJ’s Lead Safe Law

New Jersey’s newest lead-based paint law, “New Jersey’s Lead-Safe Certification,” went into effect July 22, 2022 and directly targets ALL pre-1978 rental properties. In addition to new lead paint inspection intervals, New Jersey also requires different...

Understanding Landlord-Tenant Laws in NJ: A Comprehensive Guide for New Property Owners

Navigating the complexities of landlord-tenant laws can be daunting for new property owners in New Jersey. As a landlord in New Jersey, it is crucial to understand the rights and responsibilities outlined in the landlord-tenant NJ regulations to ensure a smooth and...

Why a Strong Lease is Important

This legally binding agreement is the foundation of your lease and the governing document of your tenancy. It should describe in detail and specify every aspect of your legal relationship with your tenant. It includes information about security deposits, rent amounts,...

News & Views September 2024

Click the issue below to view an online flipbook 0f it.

DCA Reminds Municipalities of July 22, 2024, Deadline to Have Rental Properties Inspected for Lead-Based Paint Hazards

Inspection Documentation can be Submitted Through a New Online Portal Trenton, NJ - The New Jersey Department of Community Affairs (DCA) is reminding municipalities that P.L. 2021, c.182, which requires inspections for lead-based paint hazards to be performed on...

New Jersey Department of Community Affairs (DCA) Service Portal

Home  · DCA Service Portal (dynamics365portals.us)

Flood Risk Notification

Flood Risk NotificationFlood risks in New Jersey are growing due to the effects of climate change. Coastal and inland areas may experience significant flooding now and in the near future, including in places that were not previously known to flood. For example, by...

October 11th “Current Market Analysis”

https://clipchamp.com/watch/7BkN3zUAUZo

Scroll  Other News & Views Posts.