My question involves a security deposit in the State of: New Jersey
Hi, my husband and I lived in an apartment in New Jersey for 9 years and moved out in September 2008. We gave the landlord the proper 30 day notice, cleaned the apartment, did the final walk through and was told that everything was fine and our full deposit would be returned within 30 days. Here's the problem. Our building was sold three times since we first moved in and the new owner stated they didn't know exactly how much security to refund us. We told him the amount was 1 1/2 months of the rent and he said that it was probably only 1 months and since they had no documentation he was only going to refund us 1 month of the rent we paid when we first moved in. However, I have a copy of our initial lease and the one we signed with the second owners clearly stating our deposit was 1 1/2 months, but we didn't sign one with the new (third) owners. The lease (1st and 2nd) also states the bank where the deposit was being held. I just recently found out that the landlord is also responsible for paying us the interest accrued on the security deposit as well. I faxed all this information to the new owner and he informed us that the 2nd owner is no longer in business and they made off with everyone's security deposits and he can't refund us our full deposit. What should we do? How do we calculate the interest accrued over 9 years? It is now December and he is well past the thirty day limit for refunding our money. Should we try to take this to court? I should also state that we moved out-of-state and are at least 12 hours away by car. Sorry for the long post and numerous questions. Thanks for your help.