Maximum deposit amount
General Obligations Law § 7-1081: one month’s rent maximum (residential)
New York’s Housing Stability and Tenant Protection Act of 2019 caps residential security deposits at one month’s rent.
Return timeline
§ 7-1081(1-a)(e): 14 days after the tenant vacates
The landlord must return the deposit, less any itemized deductions, within 14 days of the tenant returning possession of the unit.
Itemized statement
If any amount is withheld, the landlord must provide a written, itemized statement of damages claimed against the deposit.
- § 7-108 One month maximum + 14-day return
Frequently asked questions
What is the maximum security deposit in New York?
One month's rent for residential rentals. The cap applies regardless of furnished/unfurnished or any 'pet deposit' label.
When must a New York landlord return the deposit?
Within 14 days of the tenant vacating, with an itemized statement of any deductions.
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