Makes rent stabilized dwelling units eligible for certain protections
Summary
Requires that the entire amount of a rental deposit or advance be refundable to the tenant upon the tenant's vacating of the premises except for an amount lawfully retained for non-payment of rent or utilities, damage caused by the tenant, or storage costs; requires landlord to provide an itemized statement of damages and to return the balance of the deposit within 14 days; requires that tenant be given the opportunity to inspect the rental premises prior to signing a lease; allows a grantee or assignee of the leased premises to demand that an escrow account be opened.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
Assembly Passage
May 2025
Signed into Law
Oct 2025
Introduced Jan 8, 2025
Signed Oct 16, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
S952A
→
S952B
·
4 edits
MODERATE
This bill amends New York's General Obligations Law regarding security deposits for rent-stabilized apartments. The main changes clarify deposit limits, update language for gender neutrality, and adjust timing requirements for returning deposits.
Scope change
The bill applies to the same rent-stabilized and emergency tenant protection act-covered units as before, with no change in applicability scope.
REQUIREMENT
Changed the maximum security deposit limit from one month's rent plus accrued interest to just one month's rent, reducing the maximum amount landlords can collect.
Updated language to use gender-neutral terms (changed 'his' to 'his or its' and 'his or her' to 'his or its') throughout the statute.
TIMELINE
Removed the requirement for landlords to pay accrued interest when returning deposits, and kept the 14-day deadline for returning deposits unchanged.
DEFINITION
Added a new title to the section header for clarity and reorganized the structure of the liability provisions.
Floor votes · Senate Apr 29, 2025 · Assembly May 27, 2025
How they voted
38–23
Passed · 1 other
Total votes 62
Apr 29, 2025
D
Democratic40
95% Yea
R
Republican22
100% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
5
Committee
2
Amendments
2
Oct 16, 2025
Signed into law
SIGNED CHAP.436
upper
May 27, 2025
Lower · Passed
PASSED ASSEMBLY
lower
Apr 29, 2025
Committee
REFERRED TO CODES
lower
Apr 29, 2025
Upper · Passed
PASSED SENATE
upper
Apr 9, 2025
Upper · Passed
AMENDED ON THIRD READING 952B
upper
Feb 26, 2025
Upper · Passed
AMENDED ON THIRD READING (T) 952A
upper
Jan 8, 2025
Committee
REFERRED TO JUDICIARY
upper
1 primary · 1 co-sponsor
Sponsors
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