LOCAL RULES

New York security deposit statement requirements

Your New York security deposit statement has 2 rules to meet. ReportDraft puts every one on your checklist and checks your draft before you sign.

  • The 14-day itemized statement and refund
  • Reasonable, itemized costs only, never ordinary wear and tear

ReportDraft Landlord from $9 a month. 14-day free trial with your first report and up to 5 template downloads. Card required, nothing charged today, cancel anytime. Need just one? One security deposit statement for $19, no subscription.

New York gives a landlord 14 days after the tenant moves out to give an itemized statement of anything kept from the deposit and return the rest. Missing the 14 days forfeits the right to keep any of it.

Last reviewed October 23, 2026 against the official sources listed below.

Security deposit statementNEW YORK / SAMPLE

Sample notes, 123 words

Move-out statement
Rental unit: 410 Maple Avenue, Apt 3, Albany, NY
Landlord: Pinecrest Property Management
Tenants: Jordan Lee and Priya Raman
Moved out Oct 31, 2026, keys returned. Lease ended Oct 31, 2026.
...
FREE PREVIEW OF THESE NOTES
80%of your draft is ready from these notes

We found 4 deductions totaling $577.40: refund due to the tenant $1,222.60.

2 New York rules on your checklist, including the 14-day itemized statement and refund.

Still to add

Filled in for you

Landlord or property managerPinecrest Property Management
Tenant namesJordan Lee and Priya Raman
Rental unit address410 Maple Avenue, Apt 3, Albany, NY
Tenant's forwarding address88 Elm Street, Nampa, ID 83651
Start free and draft yours

14 days free, nothing to pay today. After your first report, your name, license and company details fill in by themselves. Or preview your own notes first, no sign-up.

What New York requires

The 14-day itemized statement

Within 14 days after the tenant moves out, give the tenant an itemized statement of the basis for any amount you keep, and return the rest. A landlord who misses the 14 days forfeits any right to keep any part of the deposit.

What can be deducted

Only reasonable, itemized costs for unpaid rent, damage the tenant caused beyond normal wear and tear, unpaid utility charges payable to the landlord under the lease, and moving and storing the tenant's belongings. Never ordinary wear and tear or damage a prior tenant caused.

A condition, defect or damage noted in the signed move-in condition agreement cannot be deducted at move-out, and that agreement is evidence of the starting condition in a dispute.

The inspection before move-out

After the inspection before the tenant moves out, give the tenant an itemized statement of the repairs or cleaning you propose to deduct. The tenant may fix them before the tenancy ends.

Proof and penalties

In a dispute the landlord must prove the amount kept was reasonable, and a willful violation can bring punitive damages of up to twice the deposit. These rules cover rent-stabilized units and most other apartments; units under rent control and certain senior and care communities are outside them.

Common mistakes

  • Sending the statement on day 15 or later, when the whole deposit is owed.
  • Deducting for something listed on the move-in condition agreement.
  • Charging for damage a previous tenant left.
  • Listing one lump sum instead of each cost.

Sources

Last reviewed October 23, 2026. Next review due January 23, 2027. This page explains published rules to help you write your report. It is not legal advice; the official text linked above governs.