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Updated over 4 years ago on . Most recent reply

User Stats

249
Posts
143
Votes
Andy Rousch
  • Investor
  • Mt. Arlington NJ
143
Votes |
249
Posts

Tenants using security deposit in N.J. to cover rent?

Andy Rousch
  • Investor
  • Mt. Arlington NJ
Posted

So one of my tenants asked to use there security deposit to cover this months rent as they are running low on funds and Gov. Murphy’s executive order 128 allows for tenants to use their security deposit currently during the pandemic.

Do I have to let them use it or is it optional of the landlord to accept? The way it is worded is hard to understand

It will be great to prevent a missed payment, at the same time with no security deposit things can get ugly when they eventually move out

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