Queens New York Lease Deposit Guarantee Bond

State:
Multi-State
County:
Queens
Control #:
US-OL4A025
Format:
Word; 
PDF
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Description

This office lease guaranty lists the conditions of the principal's obligations held in this bond. If all obligations of this guaranty are performed and indemnifies and holds harmless the obligee from any loss, costs, and expenses incurred by the obligee as a result of any failure or default by the principal in its execution of the agreement, then this obligation shall be void; otherwise it will remain in full force and effect.

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FAQ

If a landlord does not return the security deposit within 30 days, they may be violating New York law. You can file a claim in small claims court to recover your deposit along with any reasonable costs incurred. Highlighting the Queens New York Lease Deposit Guarantee Bond could strengthen your position, as it demonstrates your compliance and proactive measures in handling your rental agreement.

SureDeposit is a surety bond. Under the surety bond, SureDeposit promises to pay the landlord in the event the resident does not uphold the financial obligations in the lease agreement or return the apartment in good condition.

For tenants in units that are not rent stabilized or rent controlled, the landlord must return the security deposit within 14 days of the tenant moving out. If the landlord takes any money out of the security deposit for damages, they must provide an itemized receipt describing the damage and its cost.

You may send legal notice to your landlord seeking the security deposit back, provided you have returned the rented area in good condition. The next step is to file a complaint in RDC.

Conditions for Legally Breaking a Lease in New York Early Termination Clause.Active Military Duty.Unit is Uninhabitable.Landlord Harassment or Privacy Violation.Domestic Violence.Senior Citizen or Health Issue.

In the state of New York, a landlord can keep all or a portion of a tenant's security deposit to cover: Damage in excess of normal wear and tear. Unpaid rent. Additional breaches of the lease agreement1feff

If the landlord refuses to return the security deposit on time, you may have to sue the landlord in Small Claims Court. The Court may award you damages for any part of your security deposit that should have been returned.

Deposits 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.

Landlords in New Yorkand, in particular, New York Citytend to charge high penalty fees in order to let you break your lease. These can range from one to three months' rent.

If a landlord does not return the entire amount of the tenant's security deposit within the 21 days required by law, and the tenant disputes the deductions from the deposit: The tenant can write a letter to the landlord explaining why he or she believes he or she is entitled to a larger refund.

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Queens New York Lease Deposit Guarantee Bond