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New York security deposit law

⚠️ Not legal advice. DepositShield is not a law firm and this is not legal advice. This information is not guaranteed to be accurate, complete, or current — laws change and vary by city and situation. Verify it with an official source and consult a licensed attorney or your local tenants’ rights organization before relying on it or acting. Using DepositShield does not create an attorney-client relationship.

Return deadline

14 days

Small claims limit

Up to $10,000 in NYC ($5,000 city courts; $3,000 town/village courts)

What you need to know

  • Deposit due back within 14 days of move-out with an itemized statement.
  • Miss the 14-day statement and the landlord forfeits the right to keep any of it.
  • Deposits are capped at one month’s rent; you’re entitled to a walkthrough inspection before move-out.

Itemization: Itemized statement required with any deductions within 14 days.

Interest: Buildings with 6+ units: deposit must be held in an interest-bearing NY account; interest belongs to you.

Deposit cap: Capped at 1 month’s rent (HSTPA 2019).

If they wrongfully withhold: Willful violations: up to 2x the deposit. Missing the 14-day statement forfeits the right to keep any portion.

Statute: N.Y. Gen. Oblig. Law § 7-108

DepositShield is not a law firm and this is not legal advice. This information is not guaranteed to be accurate, complete, or current — laws change and vary by city and situation. Verify it with an official source and consult a licensed attorney or your local tenants’ rights organization before relying on it or acting. Using DepositShield does not create an attorney-client relationship.