Apartment Rentals in New York City – what you need to know.
Posts Tagged ‘security deposit ’
When you lease a New York apartment, your landlord will require you to pay a security deposit. When your lease ends and you vacate the apartment, you’ll want your security deposit back. Here are answers to commonly asked questions about security deposits for apartments in New York. Q: Why do landlords collect a security deposit from tenants? A: New York…
Under the New York City Multiple Dwellings Law, a landlord may retain a tenant’s security deposit only if there was unpaid rent or actual physical damage to the leased premises.
The guarantor must meet high financial standards since he/she must support his/her own household as well as your household if you fail to pay the rent. Landlords usually require that a guarantor should have a good credit history and an income at least 75 times the monthly rent.
Public Advocate Bill de Blasio has created a website for renters to track New York City\’s worst landlords. \”We want these landlords to feel like they\’re being watched,\” de Blasio said. \”We need to shine a light on these folks to shame them into action.\”
I filled out the online form and an agent wrote me back almost instantly. Yes, the apartment was available. Just prepay and it’s yours. Sorry, no credit cards. No PayPal, either. I should wire money, including a security deposit, to the owner’s British bank account
Landlord scams can be avoided by never handing over cash or making a wire transfer to a stranger. If you must make an immediate payment, do it by check.
Thanks to the New York Times for this always needed advice: How to Get a Security Deposit Back From a Landlord By JENNIFER SARANOW SCHULTZ Given the state of the economy, there’s no shortage of stories about debt-saddled landlords delaying repayment of security deposits. Take mine. After moving to San Francisco from New York in January, my husband and…
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