General info, not legal advice. Details

New York Deposit bank holding / separate account

Last reviewed 2026-10-22

Deposit bank holding / separate account in New York

Security deposits remain the tenant's money, must be held in trust, and may not be mixed with the landlord's personal funds.

Verified Source: N.Y. Gen. Oblig. Law § 7-103 · last checked 2026-10-22

Same topic in neighboring states

All New York landlord-tenant law · New York landlord FAQ · Security deposit limit · Deposit return deadline · Notice to enter · Required lease disclosures · Required disclosures (mold, lead, radon, bedbug, asbestos, flood zone)

Get alerts when New York's landlord laws change

A short email when a rule on this site changes. Free, unsubscribe anytime.