Q & A on Collecting Security Deposits from Rent-Stabilized Tenants

June 20, 2018
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When renting rent-stabilized apartments, you probably require security deposits from tenants, in case they cause any damage. A security deposit is money that a tenant deposits with the owner of the apartment for the repair of any damages to the apartment for which the tenant is responsible. Various laws govern how you must collect, retain, and refund these security deposits.

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