Bill
Bill > A10963
NY A10963
NY A10963Requires landlords to return the full security deposit and any accrued interest to which the tenant is entitled less any amount retained by the landlord within 21 days of the end of the lease.
summary
Introduced
05/29/2018
05/29/2018
In Committee
05/29/2018
05/29/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to amend the general obligations law, in relation to requiring landlords to return security deposits within a reasonable time The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill amends the General Obligations Law to require landlords to return the full security deposit and any accrued interest to tenants within 21 days of the end of the lease, less any amount retained by the landlord for reasons such as nonpayment of rent or damages caused by the tenant. The landlord must provide the tenant with a detailed written statement listing the reasons for retaining any portion of the security deposit, including photographic documentation and itemized receipts for repairs. If the tenant disagrees with the statement, they can invoke a mediation process or bring an action in small claims court. The willful retention of a security deposit in violation of this law can result in the landlord being liable for treble the amount wrongfully withheld, along with reasonable attorneys' fees, court costs, and the last two months' rent paid by the tenant.
Committee Categories
Justice
Sponsors (7)
Brian Barnwell (D)*,
Vivian Cook (D),
Marcos Crespo (D),
Rafael Espinal (D),
Andrew Hevesi (D),
Joseph Lentol (D),
David Rosenthal (D),
Last Action
referred to judiciary (on 05/29/2018)
Official Document
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