NY landlord resources
Bookkeeping and reporting in New York
Track deposit liabilities, operating costs and monthly reporting.
Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.
New York: Security deposits
General Obligations Law §7-108(1-a)(a): no deposit or advance may exceed one month's rent. Cap does not apply to rent-regulated units and certain exceptions.
GOL §7-103: deposits held in trust, not commingled. Buildings with six or more units must place the deposit in a NY interest-bearing account; interest (less up to 1% admin fee) belongs to the tenant.
The uploaded dataset lists a deposit-return period of 14 days. Review the cited rule for the applicable conditions and timing.
Sources supplied for New York
Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.
- N.Y. General Obligations Law §7-108 (deposit cap; 14-day return)
Dataset verification date: 2026-11-06
- N.Y. General Obligations Law §7-103 (deposits held in trust; interest)
Dataset verification date: 2026-11-06
- RPAPL §711 (14-day rent demand)
Dataset verification date: 2026-11-06
- Real Property Law §226-c (30/60/90-day notice)
Dataset verification date: 2026-11-06
Offices listed in the dataset
- New York State Homes and Community Renewal (HCR)Housing Agency
- New York State Office of the Attorney General - Tenants' RightsConsumer Protection
- New York State Unified Court SystemCourt