New York City Security Deposit Law (2026): Deadlines, Interest & Penalties
If you rented in New York City, your landlord has 14 days after you move out to return your security deposit under GOL § 7-103/7-108 + DHCR rules. The landlord must pay interest of State 6+ unit rule applies; rent-stabilized units have DHCR-specific rules on the deposit. Miss the deadline or wrongfully withhold funds, and the penalty can be 2x deposit willful. Use the calculator above to see exactly what you are owed and when it was due.
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New York City Deposit Rules at a Glance
| Return deadline | 14 days after move-out State HSTPA rules apply |
|---|---|
| Interest on deposit | State 6+ unit rule applies; rent-stabilized units have DHCR-specific rules |
| Separate account required | Yes |
| Deposit limit | 1 month's rent |
| Penalty for violations | 2x deposit willful |
New York City Security Deposit FAQ
How long does a landlord have to return a security deposit in New York City?
In New York City, a landlord must return the security deposit within 14 days after the tenancy ends, under GOL § 7-103/7-108 + DHCR rules. Note: State HSTPA rules apply.
Does my landlord owe me interest on my security deposit in New York City?
Under GOL § 7-103/7-108 + DHCR rules, a New York City landlord must pay interest of State 6+ unit rule applies; rent-stabilized units have DHCR-specific rules on the deposit. Rate details: State 6+ unit rule applies; rent-stabilized units have DHCR-specific rules.
What is the penalty if a landlord misses the deposit deadline in New York City?
2x deposit willful. The governing statute is GOL § 7-103/7-108 + DHCR rules.
Is there a limit on how much a landlord can charge as a security deposit in New York City?
Yes. In New York City, the security deposit is limited to 1 month's rent.
Does a New York City landlord have to keep my deposit in a separate account?
Yes. New York City law requires landlords to hold security deposits in a separate account, per GOL § 7-103/7-108 + DHCR rules.
Are there exceptions to the 14-day deposit deadline in New York City?
Yes — the deadline can vary: State HSTPA rules apply. When in doubt, check the statute itself (GOL § 7-103/7-108 + DHCR rules) or ask a local tenant-rights organization.
What can I do if my landlord won't return my deposit in New York City?
First, send a written demand letter citing GOL § 7-103/7-108 + DHCR rules — our free generator creates one with your amounts filled in. If the landlord still doesn't pay, you can usually file in small claims court, where the penalty exposure is 2x deposit willful.