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Re: Amount of Security Deposit

Posted by Will on April 06, 1999 at 14:27:07:

In Reply to: Amount of Security Deposit posted by Milla on April 06, 1999 at 12:12:02:

First find out if the apartment is legally deregulated. This can be done via DHCR see the main site for detail. In regulated apartments the security deposit is limited to one months rent. If your landlord has not de-regulated the apartment properly you might be entitle to get the overcharge back.

If the apartment is indeed deregulated then if you don't have the review agreement in writing you may be out of luck...I would still contact the State attorney general to see if the landlord has broken the general law.


: I have been a tenant of a building on the upper east side for the past
: one year, paying a rental amount which exceeds $2,000 a month. I signed
: a lease agreement, and put down a security deposit of 3 months instead
: of 1 month (the "standard" amount, which applies to other tenants of the
: building), because I "didn't have a credit history in the USA," seeing
: as I had just moved to New York from England. The agent of the landlord
: who showed me my apartment informed me that I would get a review in
: 6 months (after I've built up a credit history in the USA), afterwhich
: 2 months' security deposit would probably be returned to me. It has now
: been one year since I signed the lease, and the landlord informed me
: today that they do not have such a review policy, and that any security
: deposit that I have placed with the landlord will remain "deposited" until
: I vacate the apartment (as opposed to just renewing my lease).

: Questions: Can I get my 2 months' security deposit back? And HOW?

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