New NYC rent laws require security deposits to be returned in 14 days and landlords are fuming

NYC landlords were stunned by the landmark changes to the rent laws earlier this year and one broad change is causing them major distress.

While most of the rent reforms are aimed at strengthening protections for stabilized tenants, there are some measures that extend to market-rate tenants as well. One of these, a new requirement to return a departing tenant’s security deposit within 14 days, is nearly impossible to comply with, landlords say.

Read Full Article on Brick Underground: https://www.brickunderground.com/rent/new-rent-laws-require-security-deposit-return-14-days-landlords-NYC

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<img width="1071" height="714" src="https://mantusnyc.com/wp-content/uploads/2021/02/More-NYC-renters-turn-to-guarantors-to-qualify-for-an-apartment—or-trade-up-to-a-larger-one.jpg" class="attachment-full size-full wp-image-2927" alt="More NYC renters turn to guarantors to qualify for an apartment—or trade up to a larger one" />

More NYC renters turn to guarantors to qualify for an apartment—or trade up to a larger one

It might seem counter intuitive: Even though rents have fallen in New York City, a greater number of renters are enlisting the help of a guarantor in order to

New NYC rent laws require security

<img width="1071" height="714" src="https://mantusnyc.com/wp-content/uploads/2021/02/New-NYC-rent-laws-require-security.jpg" class="attachment-full size-full wp-image-2976" alt="New NYC rent laws require security" />

New NYC rent laws require security deposits to be returned in 14 days and landlords are fuming

NYC landlords were stunned by the landmark changes to the rent laws earlier this year and one broad change is causing them major distress. While most of the

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<img width="900" height="600" src="https://mantusnyc.com/wp-content/uploads/2021/02/What-happens-if-your-lease-is-up-during-the-coronavirus-pandemic1-min-min.jpg" class="attachment-full size-full wp-image-2933" alt="What happens if your lease is up during the coronavirus pandemic1-min-min" />

What happens if your lease is up during the coronavirus pandemic?

Now more than ever, renewing a lease on a New York City apartment is a fraught decision. Maybe you toughed it out during the shutdown, but

Landlords can't ask for

<img width="1071" height="714" src="https://mantusnyc.com/wp-content/uploads/2021/02/Landlords-cant-ask-for.jpg" class="attachment-full size-full wp-image-2979" alt="Landlords can't ask for" />

Landlords can’t ask for ‘last month’s rent’ plus security deposit, thanks to new rent laws

It is now illegal in New York state for landlords to require you to pay last month’s rent in addition to a month’s security deposit

Category: Featured, Insights

More NYC renters turn to guarantors to qualify for an apartment—or trade up to a larger one

<img width="1071" height="714" src="https://mantusnyc.com/wp-content/uploads/2021/02/More-NYC-renters-turn-to-guarantors-to-qualify-for-an-apartment—or-trade-up-to-a-larger-one.jpg" class="attachment-full size-full wp-image-2927" alt="More NYC renters turn to guarantors to qualify for an apartment—or trade up to a larger one" />

More NYC renters turn to guarantors to qualify for an apartment—or trade up to a larger one

It might seem counter intuitive: Even though rents have fallen in New York City, a greater number of renters are enlisting the help of a guarantor in order to

New NYC rent laws require security

<img width="1071" height="714" src="https://mantusnyc.com/wp-content/uploads/2021/02/New-NYC-rent-laws-require-security.jpg" class="attachment-full size-full wp-image-2976" alt="New NYC rent laws require security" />

New NYC rent laws require security deposits to be returned in 14 days and landlords are fuming

NYC landlords were stunned by the landmark changes to the rent laws earlier this year and one broad change is causing them major distress. While most of the

What happens if your lease is up during the coronavirus pandemic1-min-min

<img width="900" height="600" src="https://mantusnyc.com/wp-content/uploads/2021/02/What-happens-if-your-lease-is-up-during-the-coronavirus-pandemic1-min-min.jpg" class="attachment-full size-full wp-image-2933" alt="What happens if your lease is up during the coronavirus pandemic1-min-min" />

What happens if your lease is up during the coronavirus pandemic?

Now more than ever, renewing a lease on a New York City apartment is a fraught decision. Maybe you toughed it out during the shutdown, but

Landlords can't ask for

<img width="1071" height="714" src="https://mantusnyc.com/wp-content/uploads/2021/02/Landlords-cant-ask-for.jpg" class="attachment-full size-full wp-image-2979" alt="Landlords can't ask for" />

Landlords can’t ask for ‘last month’s rent’ plus security deposit, thanks to new rent laws

It is now illegal in New York state for landlords to require you to pay last month’s rent in addition to a month’s security deposit

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