The inside scoop on security deposits and how to get yours back

Your security deposit should be returned to you within 14 days after your vacate your apartment.


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If you’re moving into a rental in NYC, there were some changes to the rent laws that you should know about—changes that are intended to help you get your security deposit back quicker—and with any repair costs accounted for.

As a result, your landlord can no longer ask you to pay more than a month’s rent as a security deposit. That’s the case even if you’re a student or international renter without U.S. credit, and applies to all tenants, both market-rate and rent-stabilized.

The rules have also changed on how to go about getting that security back when you move out. Landlords now need to provide walk-throughs at the beginning and end of a tenancy, if you request it, as well as itemize any damage and pay you your money back, minus any repair costs, within 14 days of you vacating the apartment.

Landlords claiming these changes make it be harder for anyone without stellar credit to find an apartment. In the past, landlords could ask for more than a month’s rent as security and sometimes several months of rent in advance, in order to mitigate the risk of taking on a tenant with poor credit. They also say 14 days doesn’t give them enough time to assess and price out damage or close the escrow account where the security is held. 

[Editor's note: An earlier version of this article ran in August 2019. It has been updated with new information for August 2020.]

While landlords may be unhappy about these new requirements, New York City renters are better protected when it comes to getting the security deposit back. 

Request an initial walk-through of the apartment

The old advice still stands; documenting the condition of the apartment is always a good idea before you move in.

If you request an inspection of the apartment before you move in, the landlord must give you a walk-through. This allows you to identify the condition of the unit and any existing damage and importantly get it in writing. 

When you move out, you can do the same and the landlord needs to promptly give an itemized statement of any charges or—crucially—forfeit the right to keep any part of the deposit.

While many landlords behave honorably when it comes to taking proper deductions and returning your deposit, plenty of New Yorkers claim they have been overcharged for repairs or been forced to pay for repairs that were really just “wear and tear.” 

The definition of ‘wear and tear’

Picture nails are fine but if you have large pockmarks from anchor studs in the walls, that probably won’t sit right with the landlord. The general rule is that reasonable wear and tear includes natural deterioration resulting from normal use, but not damage because of neglect or misuse.

Reasonable wear and tear should not result in a deduction from your security deposit (and may depend on how long you’ve been a tenant in the apartment) but cracked tiles damaged countertops or deeply scratched floors will make your deposit vulnerable. 

The deposit is not the last month’s rent

Some New Yorkers say they always use their security deposit as last month’s rent so they’re not out of pocket, but if there's damage to the apartment, there’s a risk the landlord might sue to recover costs.  

The purpose of the security deposit is outlined in your lease, which will tell you it is designed to make sure you leave a clean, undamaged apartment with a working set of keys, and no outstanding utility bills, so the landlord can easily rent the unit to someone else. Your landlord will be able to deduct funds from the security for any unpaid rent.

Your deposit should be held in a protected account

In most buildings with more than six units, the landlord is required by law to put the security deposit in escrow, which offers you more protection than if the money was held in a private account. 

The landlord must also tell you the name and address of the New York bank where the money is deposited, and give you the account number. You’re also entitled to interest on the deposit, although the landlord is entitled to keep one percent as an administrative fee and with interest rates so low, that fee often eats up all the earnings.

Remove trash and personal items

You can lose some of your deposit if you don’t clear out of the apartment at the end of your lease. If the apartment owner is forced to remove garbage or possessions you've left behind, you'll likely see deductions from your security deposit. As a general rule, the apartment should be broom-swept and free of trash and belongings.

Returning the apartment to its original condition

In some cases, you may have made alterations to the apartment. If you changed the lampshades or painted the walls your favorite shade, you’ll need to put the original ones back and paint over that designer color, unless you have the landlord’s authorization in writing. If there’s a provision in the lease requiring you to restore the apartment to its original state, that will be your responsibility and if you don’t get it done, the landlord to make those changes with funds from your security deposit.

If you are breaking the lease, your deposit may see deductions

Another recent rule change is that landlords must work to re-rent an apartment for a tenant who wants to leave before the lease ends. 

How vulnerable your security deposit is will depend on your commitment to providing access to the unit, and working with the landlord to find a new tenant so the lease break doesn’t leave your landlord out of pocket.  If you are in this situation, your best bet is to be upfront with your landlord, do everything you can to help him or her re-rent the unit and accept that you may still face some kind of penalty.

Make sure you do a final walk-through

A walk-through of the apartment at the end of the lease allows you to work towards correcting any issues. The landlord is required to give you an itemized statement with specific repairs or cleaning requirements that might affect your deposit and give you a chance to make the necessary repairs. Your landlord won’t be able to deduct anything from your security deposit for conditions or damage that was identified and written down during your initial walk-through at the beginning of your lease term. 

The timeline for getting your deposit back

Your landlord needs to have damages itemized and your money returned to you (less any repair costs) within 14 days. If the landlord doesn’t meet this deadline, he or she forfeits any right to keep any portion of the deposit, so it’s in their interest to act quickly and get your money back to you.

Addressing overcharges for repairs

If you think you’ve been unfairly charged, you’ll need the documentation of the apartment condition to prove it. The walk-through requirements are aimed at reducing these kinds of disputes. 

If the amount in contention is no more than $10,000, the small claims court is your best option. Over $5,000, you can hire a lawyer (smaller amounts may not be worth an attorney's while, or the legal fees that you'll incur). Whatever the amount, you can file a complaint with the New York attorney general. Legally, the burden is on the landlord to prove damages warranting the withholding of a security deposit.