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NY A04355
Bill
Status
2/4/2025
Primary Sponsor
Yudelka Tapia
Click for details
AI Summary
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Caps security deposits at no more than two months' rent for any dwelling
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Requires landlords to notify tenants one month before lease expiration of their option to conduct pre-exit and post-exit walk-throughs to document damages
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Mandates landlords return the full security deposit plus accrued interest within 21 days of lease end, minus any legitimate deductions
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Requires landlords retaining any portion of the deposit to provide a signed written statement with photographic documentation, itemized repair receipts, and proof of payment within 21 days
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Imposes treble damages plus attorneys' fees, court costs, and the last two months' rent for willful violations, with the landlord bearing the burden of proving retention was not willful
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Requires the Department of Homes and Community Renewal to maintain and publish a list of landlords who violate these provisions
Legislative Description
Requires 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.
Last Action
referred to judiciary
1/7/2026