New York Rental Payment Guidelines

Summary

In New York, you typically pay the security deposit and first months rent at lease signing. If the apartment isnt ready, negotiate with the broker and ensure any changes are in writing. Consult a lawyer for complex cases.

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What if I place a deposit do I have to rush and pay the first and security of the apartment isn’t ready?
In New York, if you've placed a deposit but the apartment isn't ready:
- You shouldn't rush to pay the rent and security.
- You can request the broker to adjust the payment schedule.
- Always ensure any agreement is put in writing.
Remember this is general advice. For personal advice, consult a lawyer.
If a tenant is moving out on the first of the month. When should the new tenant provide the first and security ?
In New York, the new tenant should provide the first month's rent and security deposit at lease signing. If the apartment isn't ready by the move-in date, it's advisable to negotiate with the broker about adjusting the payment schedule.