Weekly New York Real Estate

ACROSS THE RIVER — “Landlord group asks NJ Supreme Court to reverse security deposit ruling,” by The Real Deal’s Sasha Jones: “Garden State landlords aren’t giving in after a New Jersey court ruled that residents can use their security deposits to pay rent. In July, an appeals court upheld an executive order from Gov. Phil Murphy that allowed struggling tenants to use their security deposits toward back rent during the pandemic. Now, the nonprofit group New Civil Liberties Alliance is petitioning the Supreme Court of New Jersey to reverse the appellate court’s decision. The executive order, issued in April of last year, gives renters the option of instructing their landlords to use pre-paid security deposits to offset rent without needing to replenish the deposit until 60 days after the pandemic.”

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