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  1. #1

    Default In NYC Can a Landlord Require a New Deposit on a Lease Renewal

    My question involves landlord-tenant law in the State of: New York, specifically, New York City.

    I am at the end of my second year of a lease. At the start of it I paid a deposit of $1650(equal to one months rent). At the end of the first year the rent was raised on the renewal from $1650 to $1750. This year when I got my renewal forms the rent is raised to $1900 and have listed I have to pay a $1900 deposit in addition.

    Is that allowed in New York City? Can I request that my previous deposit be returned/rolled into the new deposit? I have never heard of anywhere requiring a full new deposit on an apartment where they are already holding a deposit from the people who are already living there.

  2. #2
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    Default Re: In NYC Can a Landlord Require a New Deposit on a Lease Renewal

    Absent the applicability of rent control / stabilization, or a special NYC code protection such those that may be applicable to elderly or disabled tenants, I don't see any restriction in NY law as to how large a security deposit may be. Absent any rent control-type provisions, your landlord has the option, consistent with any restrictions that may result from the language of the lease and legal notice requirements, to end a tenancy at the conclusion of the lease term. I don't know what is inspiring your landlord to do this, but as long as he's following proper procedure and none of the aforementioned ordinances apply, I don't see what would stop him.

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