NJ tenant security question

[Donna Beth Perch]

I’m managing a rental property for an out of state landlord. I need to open a tenant security account. The bank is not making it easy. Can the account be opened with a property manager name and tenant? Instead of landlord and tenant?  A security account needs to be in NJ but if the landlord is not also in NJ, how does that happen?

Thanks

[Nathan Gesner]

Quote from @Donna Beth Perch:

If you are going to manage for someone else, it's important to understand the laws and ensure you abide by them. I suspect you're having problems because you don't know what you're doing. Here's the New Jersey law regarding security deposits:

https://www.nj.gov/dca/divisions/codes/publications/pdf_lti/...