New York Security Deposit Law: 14-Day Deadline & 2x Punitive Damages

Under the NY HSTPA (GOB § 7-108), landlords must return security deposits within 14 days or forfeit all deductions. Generate an official demand letter.

DEPOSIT SCENARIO

New York: 14-Day Deposit Law

Under the NY HSTPA (GOB § 7-108), landlords must return security deposits within 14 days or forfeit all deductions. Generate an official demand letter.

Why this calculation is mathematically fair

New York law is among the strictest in the nation: if a landlord fails to provide an itemized statement within 14 days of move-out, they automatically forfeit ANY right to retain any portion of the deposit, and face punitive damages up to double the deposit amount.

Frequently asked questions

What happens if a New York landlord misses the 14-day deadline? +

Under NY General Obligations Law § 7-108(1-e), failure to provide an itemized receipt within 14 days forfeits the landlord’s legal right to keep any part of the deposit.

Are New York security deposits capped? +

Yes, residential security deposits in New York State cannot exceed one month’s rent.

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