New York · Security Deposits

Security Deposits requirements in New York

Security deposits capped at one month's rent. Itemized statement and return within 14 days of move-out; landlord forfeits right to keep deposit if missed.

State NY Gen. Oblig. Law § 7-108 Effective 6/14/2019

Security Deposit Cap (NY)

Summary

Security deposits capped at one month's rent. Itemized statement and return within 14 days of move-out; landlord forfeits right to keep deposit if missed.

Details

Pet deposits and "last month's rent" prepayments are treated as part of the one-month cap under most interpretations.

Penalties & Enforcement

Treble damages on improperly held deposits plus attorney fees.

Enforced by: NY AG; small claims court

Source

https://ag.ny.gov/tenants-rights