Practice Of Real EstateProperty ManagementEASY
In NYC, a security deposit for residential rentals cannot exceed:
Correct Answer
A) One month's rent
NY law limits security deposits to one month's rent for most residential rentals.
Answer Options
A
One month's rentB
Two months' rentC
Three months' rentD
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Related Topics & Key Terms
Related Topics:
landlord-tenant-rightsrental-agreementsproperty-management-regulationsfair-housing-practices
Key Terms:
security depositHousing Stability and Tenant Protection Act 2019one month's rentNew York Real Property Law 702residential rental
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