Tenant Deposit Dispute Resolution

Summary

In New Jersey, landlords can keep a deposit for unpaid rent if a tenant backs out. However, landlords must attempt to re-rent the property to mitigate damages. If unable to re-rent, landlords can deduct lost rent from the deposit. If the property is re-rented, the balance of the deposit must be returned to the tenant.

Full Conversation

I am a landlord a potential tenant gave me a * dollar deposit
Hello **** Gonzales, I understand your situation. To provide accurate legal information, could you please inform me about your location and clarify if there's a dispute over this deposit?
To continue to hold an apartment for him and changed up everything at the last minute and backed out
Hi **** Gonzales, it's crucial to know the jurisdiction you're in. Laws vary by location. Can you please tell me where this property is located?
Nj
In New Jersey:
- A landlord can keep deposit for unpaid rent.
- If tenant backs out, you must mitigate damages by trying to re-rent.
- You can deduct lost rent from the deposit if unable to re-rent.
- If you re-rent, return the balance.