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Move in Deposits

Started by cdromano
about 12 years ago
Posts: 1
Member since: May 2013
Discussion about
I moved into a co-op rental in August and still have not received my move-in deposit from the management company. Any advice on what the laws are here? My landlord has left several messagses, as have I. Thanks!
Response by uptown_joe
about 12 years ago
Posts: 293
Member since: Dec 2011

Sounds like your landlord is working with you on this which is great. Ask if he or she would escalate the issue to the coop board to put some pressure on the management.

As far as I know the legal aspects are essentially contractual and common-law (e.g. coop lease, bylaws/rules, your sublease, and judicial precedents) rather than any statutory citywide tenant protection rules for free-market leases or subleases.

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Response by vic64
about 12 years ago
Posts: 351
Member since: Mar 2010

The rationale of a move in deposit is to provide the building some escrows for any building damages during your move in process. If they require a separate move-out deposit for someone to move out, then there is no basis for them to withhold your move in deposit if you did not damage anything in the building. Delaying the release of security deposit can be fraudulent and is very serious.

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Response by cdromano
about 12 years ago
Posts: 1
Member since: May 2013

Thank you for your responses. Yes, they require a move out deposit as well. It should have been returned to me. I just don't know what other actions I can take. I know in certain states if you don't return a security deposit within a period of time then the tenant can collect double. I don't know if there are any laws in NYC related to this though.

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