New York S04087 mandates landlords to return full security deposits within 30 days unless they provide a written statement for any retention.

New York S04087 amends the general obligations law to require landlords to return the full security deposit to tenants within 30 days of vacating the premises, unless the landlord provides a written statement detailing reasons for retaining any portion. The bill outlines specific situations where a landlord may retain part of the deposit, such as for nonpayment of rent or damages caused by the tenant. Landlords found in violation of this law are liable for treble damages, reasonable attorney's fees, and court costs.

New York S04087 mandates landlords to return full security deposits within 30 days unless they provide a written statement for any retention.

New York S04087 amends the general obligations law to require landlords to return the full security deposit to tenants within 30 days of vacating the premises, unless the landlord provides a written statement detailing reasons for retaining any portion. The bill outlines specific situations where a landlord may retain part of the deposit, such as for nonpayment of rent or damages caused by the tenant. Landlords found in violation of this law are liable for treble damages, reasonable attorney's fees, and court costs.