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Hear this out loud PauseConcurrently with Tenant's delivery of this Lease, Tenant shall deposit with Landlord the sum, if any, stated in Item 9 of the Basic Lease Provisions (the ?Security Deposit?), to be held by Landlord as security for the full and faithful performance of Tenant's obligations under this Lease, to pay any rental sums, ...
A security deposit agreement is an agreement between a landlord and a tenant where the tenant deposits a specific amount of money with the landlord at the time the lease is signed. This security deposit is usually an amount between and three months of rent.
Hear this out loud PauseDeposits are refundable and tenants can get their money back after the lease is over if the apartment is left in good condition. A landlord must return a tenant's security depository within 14 days after they have completely moved out of the apartment with their keys returned.
Hear this out loud PauseAt the beginning of their tenancy, all tenants can be required to give their landlord a security deposit, but it is limited to no more than one month's rent. The one-month limit means that a landlord cannot ask for last month's rent and a security deposit.
Quick Facts: NYC Security Deposits Maximum ChargeOne Month's RentDeductions1) Unpaid Rent2) Cost Of Damages3) Utility Charges4) Cost of Storage/Moving Tenant Belongings4 more rows ? 28-Jul-2022