Apartment Deposit Payment Rules

Summary

In New York, both first months rent and a security deposit are typically required. However, if the apartment isnt ready, you shouldnt have to pay the first months rent until it is. Security deposits can be up to one months rent and must be returned within 14 days of tenancy termination. Consult a local attorney for more specific advice.

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New York
In New York:
- Security deposit: Up to one month's rent.
- Landlords must return deposits within 14 days of tenancy termination.
- You do not have to pay first month's rent until the apartment is ready.
Please consult a local attorney for more specific advice.
First month or security ? I already placed a deposit
In New York, both first month's rent and security deposit are typically required. However, if the apartment isn't ready, you shouldn't have to pay the first month's rent until it is. Please consult a local attorney for more specific advice.