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38
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5
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Sunny C.
  • Real Estate Investor
  • Jamesburg, NJ
5
Votes |
38
Posts

Security Deposit use by Landlord

Sunny C.
  • Real Estate Investor
  • Jamesburg, NJ
Posted

Hi,

New Jersey EO allows tenants to use Security deposit towards rent. Security deposit amount is in Landlord Tenant Account. As a landlord we have to pay mortgage. How can we use part of security deposit towards our mortgage. What are the rules to replenish the security deposit?

Thank You