New York A04355 mandates landlords to return tenants' full security deposits with accrued interest within 21 days of lease termination.

New York A04355 amends the general obligations law to require landlords to return tenants' full security deposits with accrued interest within 21 days of lease termination. If a landlord retains any portion of the deposit, they must provide a written statement detailing the reasons for retention, including photographic documentation and itemized receipts for repairs. The tenant can agree to the statement, prompting the landlord to return the deposit.

New York A04355 mandates landlords to return tenants' full security deposits with accrued interest within 21 days of lease termination.

New York A04355 amends the general obligations law to require landlords to return tenants' full security deposits with accrued interest within 21 days of lease termination. If a landlord retains any portion of the deposit, they must provide a written statement detailing the reasons for retention, including photographic documentation and itemized receipts for repairs. The tenant can agree to the statement, prompting the landlord to return the deposit.