Bill > S09000

This bill amends New York's General Obligations Law to require landlords to return the full security deposit and any accrued interest to the tenant within 21 days of the end of the lease, less any amounts retained by the landlord for reasons such as non-payment of rent or damages caused by the tenant. The bill also mandates that landlords provide tenants with a detailed written statement listing the reasons for any retention of the security deposit, along with supporting documentation, and gives tenants the option to dispute the landlord's claims through mediation or small claims court if they disagree with the statement. Additionally, the bill sets a limit of two months' rent on the amount of security deposit a landlord can collect, requires landlords to conduct pre- and post-exit walk-throughs with the tenant, and imposes penalties on landlords who willfully retain the security deposit in violation of these provisions.

https://assembly.state.ny.us/leg/?default_fld=&bn=S09000&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y