Add Branding To Legal New Jersey Abandoned Property Forms For Free

4. Interest. Unclaimed Property Administration and the Holder both agree that a one-time interest charge, at a rate of 1.38% will be assessed on the property that is past due on the report.

The notice must state that the landlord considers the property left behind abandoned. The notice must give the tenant a time period in which to claim the property. This is 30 days after delivery of the landlord's written notice; or 33 days after the notice is mailed, whichever comes first.

The claims process is relatively straightforward, although locating the required documents can be time-consuming. The owner's name and town of residence is entered on the UPA website, which then produces a list of possible claims. A claimant then selects and submits the appropriate claims via the website.

Filing your claim through the search website is the fastest way to get your claim processed. If you did not locate property on the NJ Property Search website but believe you have unclaimed property at our office, you can request UPA staff execute a manual search through the 'Request a Property Search' link below.

The New Jersey Unclaimed Property Statute ensures that property owners never relinquish the right to this property and the UPA only acts as a custodian until the property is returned.

When is Property Considered Abandoned? New Jersey property is generally presumed abandoned if it has remained unclaimed by the owner, or if there has been no activity other than automatic activity (interest posting on a bank account is considered automatic activity) for more than three years.