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NY A08078
Bill
Status
4/24/2025
Primary Sponsor
Claire Valdez
Click for details
AI Summary
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Limits security deposits for dwellings to no more than one month's rent
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Requires landlords to return security deposits with accrued interest within 21 days of lease expiration, minus any legitimate deductions
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Mandates landlords offer tenants optional pre-exit and post-exit walk-throughs one month before lease expiration to document any damages affecting the security deposit
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Requires landlords retaining any portion of the deposit to provide written statements 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 wrongful retention, with landlords 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
Limits security deposits to one month's rent; 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