New Jersey — Property Management & Tenancy — New Jersey Real Estate — State Law Practice Test

This New Jersey Real Estate — State Law New Jersey — Property Management & Tenancy practice set has 8 practice questions based on the official exam materials, each with an instant explanation.

Sample questions

Three questions from the New Jersey — Property Management & Tenancy bank with the correct answer and an explanation. The practice quiz above draws 8 questions at random from the same bank.

1. Under the New Jersey Security Deposit Act, what is the maximum security deposit a landlord may collect from a residential tenant?

   • One and one-half months' rent (1.5 times the monthly rent) — Correct answer
   • Three months' rent
   • Two months' rent for any residential lease
   • There is no statutory limit in New Jersey

   Explanation: N.J.S.A. §46:8-21.2 caps a residential security deposit at no more than 1.5 times (one and one-half months') the monthly rent. A landlord may collect additional security on an annual basis, but never more than 10% per year, and the total may never exceed the 1.5-month cap. Security Deposit Act（押金法）: the NJ statute (§46:8-19 et seq.) governing residential security deposits. NJ source: N.J.S.A. §46:8-21.2.

   Handbook: New Jersey Security Deposit Act — deposit cap (N.J.S.A. §46:8-21.2)

2. Under the New Jersey Security Deposit Act, how must a landlord hold a tenant's security deposit?

   • In a separate, interest-bearing account, with the interest paid or credited to the tenant annually — Correct answer
   • In the landlord's personal checking account for convenience
   • In any account, with all interest kept by the landlord
   • In cash held in the landlord's office safe

   Explanation: N.J.S.A. §46:8-19 requires the landlord to deposit the security in a separate, insured interest-bearing account and not commingle it with the landlord's own funds; the landlord must notify the tenant in writing of the name/address of the bank and pay or credit the earned interest to the tenant annually. Commingling（混同）: improperly mixing a tenant's deposit with the landlord's own money. NJ source: N.J.S.A. §46:8-19.

   Handbook: New Jersey Security Deposit Act — separate account + annual interest (N.J.S.A. §46:8-19)

3. Under the New Jersey Security Deposit Act, within how many days after a lease ends must a landlord return the security deposit (less any itemized lawful deductions)?

   • Within 30 days, with a written itemized statement of any deductions — Correct answer
   • Within 60 days, no itemization required
   • Within 90 days of the new tenant moving in
   • Only when the tenant submits a written demand

   Explanation: N.J.S.A. §46:8-21.1 requires the landlord to return the deposit, plus earned interest and minus any itemized deductions for damages or unpaid rent, by personal delivery or certified mail within 30 days after the tenant vacates and the tenancy ends. The landlord must give a written itemized statement of any deductions. Itemized deductions（逐项扣除）: a written list of specific charges taken from the deposit. NJ source: N.J.S.A. §46:8-21.1.

   Handbook: New Jersey Security Deposit Act — 30-day return with itemization (N.J.S.A. §46:8-21.1)