New York Landlord Laws & Resources

Everything New York landlords need to operate legally and confidently: security deposit rules, notice periods, required lease clauses, broker fee disclosures, and statute citations.

List a Property in New York

Security Deposit Rules

1.00 mo Maximum Deposit (months of rent)

14 days Return Deadline After Move-Out

Required Escrow Account

Deposits must be held in an in-state bank.

Statute: N.Y. Gen. Oblig. Law Sec. 7-108 (cap/return, HSTPA 2019); Sec. 7-103 (trust-fund / bank-deposit status)

Notice Requirements

Notice Type	Required Period	Statute
NYC FARE Act — Broker Fees Paid by Hiring Party	—	NYC Admin. Code § 20-699.20 (Local Law 360-2024)
Reasonable notice (no statutory hours; case law suggests 24h+)	—	N.Y. case law
30-day for <1yr, 60-day for 1-2yr, 90-day for 2+ years tenancy	30 days	N.Y. Real Prop. Law § 226-c
14-day Demand for Rent (predicate for nonpayment proceeding)	14 days	N.Y. Real Prop. Acts. § 711(2)
14-Day Notice to Pay or Quit	14 days	RPAPL sec. 711(2)
Notice of Non-Renewal	90 days	RPL sec. 226-c (HSTPA 2019)
Tiered Rent Increase Notice	90 days	RPL sec. 226-c
14-Day Security Deposit Return	14 days	NY Gen. Oblig. Law sec. 7-108

Broker Fee Rules

NY FARE Act (broker fee paid by hiring party)

Tenant owes broker fee: No

Written disclosure required: Yes

NYC FARE Act: broker fee paid by party that hired the broker (typically landlord). Statewide effect debated; NYC enforcement active.

Effective: 2025-06-01

Required & Recommended Lease Clauses

State-specific lease clauses for New York are being updated.