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New Rental Accounts
The City of Newark does require a security deposit for all new
rental accounts. The security deposit is $100, or $150 if you have
electric heat. Homeowners do not need to make a security deposit.
Commercial Accounts
Commercial accounts also require a security deposit which is based
on the type of business and size. Security deposits are calculated by twice the average or projected consumption in accordance with City Code, Section 11-16. The City factors the square footage, along with measuring the same or similar type of business. The minimum deposit is $300.
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