DHCR Updates Security Deposit and Demolition Fact Sheets
Fact Sheets describe the major elements of rent control and rent stabilization in New York City. The DHCR recently updated Fact Sheet #9, which covers security deposits and other charges, and Fact Sheet #11, which covers demolition.
The update to Fact Sheet #9 says the security deposit amount for a rent-regulated apartment is generally limited by law to one month’s rent. The DHCR added language stating that it is unlawful for the owner to ask for an additional amount of money from the tenant, guarantor, or third party.