SECTION 7-107
Deposits made by tenants of rent stabilized dwelling units
General Obligations (GOB) CHAPTER 24-A, ARTICLE 7, TITLE 1
§ 7-107. Deposits made by tenants of rent stabilized dwelling units.
1. This section shall apply only to dwelling units subject to the New
York city rent stabilization law of nineteen hundred sixty-nine or the
emergency tenant protection act of nineteen seventy-four.
2. No deposit or advance shall exceed the amount of one month's rent,
under any contract for the lease or tenancy of a dwelling unit subject
to this section.
3. The entire amount of the deposit or advance, shall be refundable to
the tenant upon the tenant's vacating of the premises except for an
amount lawfully retained for the reasonable and itemized costs due to
non-payment of rent, damage caused by the tenant beyond normal wear and
tear, non-payment of utility charges payable directly to the landlord
under the terms of the lease or tenancy, and moving and storage of the
tenant's belongings. The landlord may not retain any amount of the
deposit for costs relating to ordinary wear and tear of occupancy or
damage caused by a prior tenant.