Property Management
When a NJ tenant causes damage beyond normal wear and tear, the landlord may:
AOnly deduct from the security deposit if the tenant agrees
BDeduct documented repair costs from the security deposit and pursue the tenant for costs exceeding the deposit✓ Correct
CAutomatically keep the entire security deposit without itemization
DFile a complaint with the NJREC
Explanation
NJ landlords may deduct documented costs to repair damage beyond normal wear and tear from the security deposit and may pursue the tenant for additional amounts through landlord-tenant court if costs exceed the deposit.
People Also Study
Related New Jersey Questions
- In NJ, a landlord must return a security deposit within how many days after the tenant vacates?Property Management
- The maximum security deposit a NJ landlord may collect from a new residential tenant is:Property Management
- A NJ landlord who fails to return a security deposit within the statutory time period is liable to the tenant for:Property Management
- A NJ seller's disclosure form revealing a history of termite damage was provided to the buyer before signing. The buyer signed the contract acknowledging receipt. If termite damage later causes significant repair costs, the seller is:Contracts
- In NJ, a commercial landlord who withholds a security deposit beyond the time allowed under a commercial lease without justification:Property Management
- A NJ landlord who charges a higher security deposit only to families with children is most likely violating:Fair Housing
- A NJ property manager who charges single men an additional security deposit that is not charged to women violates:Fair Housing
- Under NJ LAD, a landlord who requires a higher security deposit from tenants with disabilities compared to other tenants is committing:Fair Housing
Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →