Loading chat...
NY A02023
Bill
Status
1/14/2025
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
-
Caps security deposits at one month's rent for residential leases of one year or longer
-
Requires all move-in fees (pet deposits, background checks, credit checks) to be included within the one-month deposit limit
-
Limits pet deposits to 25% of the total deposit and other move-in fees to 10% of the total deposit
-
Makes all fees refundable except background and credit check fees; pet deposit portions can only be retained for pet-caused damages or cleaning
-
Establishes civil penalties of up to 15% of annual rent for landlords who violate these provisions
Legislative Description
Relates to a cap on security deposits for residential leases of at least one year to the equivalent of one-month's rent under the lease.
Last Action
referred to judiciary
1/7/2026