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Updated over 6 years ago on . Most recent reply

Which bank to use for security deposit for out of state landlord?
Hi everyone,
I have a question about where to deposit my tenant's security deposit. The house is in New Jersey, but I am in Florida. Can I deposit it in my local bank in Florida, or do I need to use a bank that has branches in both states? Thank you all in advance, I have learned so much from these forums!
Cathy
Most Popular Reply

@Cathy McCormick These articles appear to answer your question:
https://www.thebalancesmb.com/new-jersey-security-deposit-law-2125082