N.J. DCA Landlord/Tenant Information Series — Security Deposit Law

c. any building inspector, in consultation with a relocation officer, where applicable, has
certified within 48 hours that displacement is expected to continue longer than seven days and
has so notified the owner or lessee in writing, the owner or lessee shall have available and return
to the tenant or the tenant's designated agent upon his demand the sum so deposited plus the
tenant's portion of the interest or earnings accumulated thereon, less any charges expended in
accordance with the terms of the contract, lease or agreement and less any rent due and owing at
the time of displacement.

Within 15 business days after a lease terminates as described in section 3 of P.L.2008, c.111
(C.46:8-9.6), the owner or lessee shall have available and return to the tenant or the tenant's
designated agent upon his demand any money or advance of rent deposited as security plus the
tenant's portion of the interest or earnings accumulated thereon, including the portion of any
money or advance of rent due to a victim of domestic violence terminating a lease pursuant to
section 3 of P.L.2008, c.111 (C.46:8-9.6), less any charges expended in accordance with the
terms of the contract, lease or agreement and less any rent due and owing at the time of the lease
termination.