Measured after termination of the lease or license agreement.
Less allowable charges under the contract, lease or agreement.
The statute requires itemization of interest/earnings and deductions.
Delivery methods in the statute
The statutory text describes personal delivery, registered mail or certified mail for the ordinary return/itemization rule. Preserve mailing and delivery records.
Do not use 30 days for every scenario
Displacement by fire, flood, condemnation or evacuation can trigger a five-business-day return rule when statutory conditions are met; qualifying domestic-violence lease termination uses a 15-business-day availability rule.
Official sources
Official DCA publication of New Jersey’s Security Deposit Law, including the 30-day return rule, 1.5-month cap, interest/trust requirements and special shorter timelines.
New Jersey Department of Community AffairsNew Jersey Security Deposit Bulletin — revised July 2025 ↗Current DCA plain-language bulletin summarizing applicability, deposit amount, interest, return, deductions and special displacement rules.