SECTION 7-108
Deposits made by tenants of non-rent stabilized dwelling units
General Obligations (GOB) CHAPTER 24-A, ARTICLE 7, TITLE 1
§ 7-108. Deposits made by tenants of non-rent stabilized dwelling
units. 1. This section shall apply to all dwelling units in residential
premises, unless such dwelling unit is specifically referred to in
section 7-107 of this title.
1-a. Except in dwelling units subject to the city rent and
rehabilitation law or the emergency housing rent control law, continuing
care retirement communities licensed pursuant to article forty-six or
forty-six-A of the public health law, assisted living providers licensed
pursuant to article forty-six-B of the public health law, adult care
facilities licensed pursuant to article seven of the social services
law, senior residential communities that have submitted an offering plan
to the attorney general, or not-for-profit independent retirement
communities that offer personal emergency response, housekeeping,
transportation and meals to their residents:
(a) No deposit or advance shall exceed the amount of one month's rent,
unless the deposit or advance is for a seasonal use dwelling unit as
provided for in subdivisions four and five of this section, or unless
the deposit or advance is for an owner-occupied cooperative apartment as
provided for in subdivision six of this section.