Maybe I'm misunderstanding something but my final thought is to lose the property manager, 4 out of 16 homes occupied and 3 of those allowed to deteriorate?

How are we going to resolve this $1,200.00*30 yr "misunderstanding"?

However, there are times when "breathing the same air" as it were, as your professional representative is important to make sure there are no misunderstandings and misinterpretations.

Unless I'm still misunderstanding what's going on.

It sounds to me like a misunderstanding. 

Vocabulary and a misunderstanding of the differences between residential and commercial residential are the fastest ways to lose credibility.

To do otherwise is to misunderstand the nature of eviction.By the time I get to eviction the tenant's self-destructive behavior has put her or him well past the value of any help I could offer.

Unless I'm misunderstanding the question.

I think you might be misunderstanding some laws. 

I'm not sure what the rule is under New Jersey law, but either way I would make sure that the real estate contract expressly states what is going to happen with the security deposit so that there is no misunderstanding between buyer and seller.