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Fillable Online New York Notice of Default in Payment of Rent Form

Fillable Online New York Notice of Default in Payment of Rent Form

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A number of changes were made to the New York Real Property Law in 2019 which apply to both regulated and unregulated apartments in NYC. Changes were made to security deposits, application fees, the retaliatory eviction provision, notice requirements for non-renewal and rent increases above 5%, tenant screening blacklists and apartment re-letting obligations for landlords. Limitations on Security Deposits for All Apartments The Housing Stability and Tenant Protection Act of 2019 mandates a maximum security deposit for both regulated and unregulated units of no more than one month of rent. The maximum amount which may be collected upon the commencement of a lease is one month rent and one month security deposit. Furthermore, security deposits must now be returned to the tenant within 14 days of moving out. Limitations on Application and Late Fees Under the new legislation, a tenant may only be charged the lower of $20 or the actual cost of a credit report. Landlords must also furnish a

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