New York Landlord-Tenant Law: The Verified Rules (2026)
Every value below cites its statute and shows the date we last checked it. Where we haven't verified a rule yet, we say so — we never guess at the law.
Security deposits
Maximum deposit
Spot-check advisedOne month's rent (since the 2019 Housing Stability and Tenant Protection Act).
Source: N.Y. Gen. Oblig. Law § 7-108 · Last verified June 12, 2026 · Deposit interest tool for New York →
Return deadline
Verified14 days
Source: N.Y. Gen. Oblig. Law § 7-108 · Last verified June 1, 2026 · Deposit return tool for New York →
Itemized statement required
VerifiedYes
Source: N.Y. Gen. Oblig. Law § 7-108 · Last verified June 1, 2026 · Deposit return tool for New York →
Interest on the deposit
VerifiedYes
Source: N.Y. Gen. Oblig. Law § 7-103 · Last verified June 12, 2026 · Deposit interest tool for New York →
Interest rule
VerifiedIn buildings of 6+ units, deposits must be placed in an interest-bearing NY bank account; the tenant gets the interest minus a 1% annual administrative fee the landlord may keep.
Source: N.Y. Gen. Oblig. Law § 7-103 · Last verified June 12, 2026 · Deposit interest tool for New York →
Rent, fees, and notice
Late fee limit
VerifiedLesser of $50 or 5% of rent
Source: N.Y. Real Prop. Law § 238-a · Last verified June 1, 2026 · Late fee tool for New York →
Late fee grace period
Verified5 days
Source: N.Y. Real Prop. Law § 238-a · Last verified June 1, 2026 · Late fee tool for New York →
Rent increase notice
Verified30 days
Source: N.Y. Real Prop. Law § 226-c · Last verified June 1, 2026 · Rent increase notice tool for New York →
The New York Landlord Law Cheat Sheet
Everything on this page as a one-page PDF — plus an email when a New York rule changes.
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Not legal advice. LandlordKit provides general informational tools, not legal advice. Landlord-tenant laws change and vary by city and county. Verify the cited statute and consult a licensed attorney before acting on any result.