Deposits
What is the security deposit limit in New York?
One month's rent. Since the 2019 HSTPA, a New York landlord cannot collect more than one month as a security deposit, and must return it within 14 days of move-out with an itemized statement of any deductions.
By the LeasePlain Editorial Team · Checked against Ontario's Residential Tenancies Act per our editorial standards·Last reviewed August 2026
If the landlord misses the 14-day deadline, they generally forfeit the right to keep any of the deposit (N.Y. Gen. Oblig. Law § 7-108).