The Business of Real Estate Workshop in New York

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.

New York: Notices and tenancy endings

RPAPL §711(2): a written rent demand must give at least fourteen days to pay or surrender before a nonpayment proceeding (2019 HSTPA).

Real Property Law §226-c tiered notice: 30 days (<1 yr occupancy), 60 days (1–2 yr), 90 days (2+ yr).

Court listed in the supplied dataset: NYC Civil Court Housing Part (NYC); District/City/Justice Courts elsewhere.

New York: Licensing and registration

No statewide rental-operator license. Some municipalities require local registration, permits, or certificates of occupancy/inspection.

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

Landlord education in New York