New York A06423 mandates that rental deposits be fully refundable to tenants, except for specific lawful deductions.

New York A06423 requires landlords to refund the entire rental deposit or advance to tenants upon vacating, except for amounts lawfully retained for non-payment of rent or utilities, tenant-caused damage, or storage costs. The landlord must provide an itemized statement of damages and return the remaining deposit within 14 days. Tenants must be given the opportunity to inspect the premises before signing a lease. A grantee or assignee of the leased premises can demand an escrow account. Violations of this provision can result in liability for actual and punitive damages.

New York A06423 mandates that rental deposits be fully refundable to tenants, except for specific lawful deductions.

New York A06423 requires landlords to refund the entire rental deposit or advance to tenants upon vacating, except for amounts lawfully retained for non-payment of rent or utilities, tenant-caused damage, or storage costs. The landlord must provide an itemized statement of damages and return the remaining deposit within 14 days. Tenants must be given the opportunity to inspect the premises before signing a lease. A grantee or assignee of the leased premises can demand an escrow account. Violations of this provision can result in liability for actual and punitive damages.