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New York · Deposit receipt · Free to generate and download

New York Security Deposit Receipt

Record that a security deposit was received on a New York rental. Unused deposit is generally due within 14 days (N.Y. Gen. Oblig. Law § 7-108). This receipt is not the itemized accounting due at move-out.

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Frequently asked questions

Plain-language answers about New York deposit receipt papers. LeaseGen.io is not a law firm. Confirm current statutes before anyone signs.

What is a security deposit receipt in New York?
It records that deposit money was received, the amount, and the property. A security deposit generally may not exceed one month’s rent (N.Y. Gen. Oblig. Law § 7-108). Hold it in a New York bank account and pay interest as the General Obligations Law requires. Unused deposit plus an itemized list is generally due within 14 days after the tenant vacates. Rent-stabilized units add DHCR rules.
Is the receipt the move-out accounting?
No. At move-out you still owe an itemized list of deductions and any refund within 14 days, to the extent New York law requires.
What is the deposit cap in New York?
1× rent