Security Deposit Account in NJ - Do I include account number in lease

[Andy S.]

Hi All,

I run into this all the time. I have a clause in the lease that says the security deposit will be held in so and so bank with so and so address and interest rate will be xyz. Per NJ law, must I include account number in the lease? What happens is, if I include this account number, at the time of lease signng, I have to leave it blank. Once the lease is signed, I go to the bank and open a new security deposit account, and then the bank provides account number, which I then manually enter in the lease and have the tenant sign the lease again.

Any guidance on avoiding the hassel of having to sing the lease twice lease?

Regards