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Security Deposit Laws in New York

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Barbara H. Katsos has owned and operated her independent law firm in New York, NY, since 1997. In that time, The Law Offices of Barbara Katsos has provided representation to clients in a variety of real estate, family, and estate law matters, including cases related to security deposits and other landlord-tenant disputes.

In the state of New York, landlords may collect a security deposit of any specified amount, provided the deposit is within city and county limits. Landlords must keep the deposit separate from their personal funds.

If a landlord is collecting from a tenant in a building with six or more units, the landlord must place the security deposits into a New York bank account. Landlords who place security deposits into a bank must provide tenants with documentation that delineates not only the amount of the deposit but also the name and address of the bank that

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