Elad michael,
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NYC Real Estate Attorney Articles and Updates
Stay informed about New York City real estate laws, investment opportunities, and legal strategies with articles written by Elad Michael, NYC real estate attorney.
New York Security Deposit Law: What Landlords And Tenants Must Know
2025-04-17 21:28
New York Security Deposit Law: What Landlords and Tenants Must Know Article 7 of New York State’s General Obligations Law (“GOL”) governs the treatment of security deposits in rental properties. For free-market rental units in New York, the most relevant sections are GOL § 7-103 and GOL § 7-108. These laws are designed to protect tenants and ensure proper handling of their deposits.