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Friday Pop Quiz Question

The topic of today's pop quiz question is about Leases in real estate

In New Jersey, rent security deposits:

  1. Must be placed in an interest-bearing account.

  2. Belong to the landlord while in his or her possession and may be kept in the landlord's personal savings account.

  3. May be double the rent.

  4. Must be placed in the bank within 15 days of acceptance.

Answer: 1

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