New Jersey Security Deposit Law
What landlords in New Jersey need to know about deposit limits, refund deadlines, interest, and penalties for getting it wrong.
Deposit cap
1.5 months' rent
Refund deadline
30 days
Interest required?
Yes
Annual interest at the rate paid on a standard savings account is required.
Separate account?
Yes
Penalty for noncompliance
Failure to comply can result in double the deposit amount as damages.
Statute: N.J. Stat. § 46:8-19
This page summarizes general state-level rules as of 2026 and does not cover city or county ordinances, which can be stricter. Verify against the statute cited above or with a local attorney before relying on it. See all states.