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Rent Collection & Security Deposits

Rent Collection & Security Deposits

Legal Strategies to Protect Your Investment

In New York City’s complex landlord-tenant landscape, ensuring timely rent collection and properly managing security deposits are essential to protecting your financial interests as a property owner or manager. At [Your Firm Name], we help landlords enforce their rights and responsibilities under the law while avoiding costly missteps that can lead to legal disputes or penalties.

Our Services

We offer comprehensive legal support for:

Rent Collection

  • Drafting enforceable rent payment clauses in lease agreements

  • Legal notices for late or missed payments

  • Navigating non-payment eviction proceedings

  • Negotiating payment plans and Stipulations of Settlement

  • Securing judgments for unpaid rent and use & occupancy

  • Enforcing money judgments post-eviction

 

Security Deposits

  • Advising on legal limits and deposit amounts based on rent

  • Ensuring compliance with New York’s General Obligations Law on deposit handling

  • Preparing written disclosures on the financial institution and account where the deposit is held

  • Guidance on timely return of deposits with itemized deductions

  • Resolving disputes over alleged damages or withheld funds

Why Legal Guidance Matters

New York landlords face stringent regulations when it comes to handling rent and deposits. Violations can lead to:

  • Loss of legal leverage in eviction cases

  • Penalties for improper handling of security deposits

  • Tenant counterclaims for damages or rent overcharges

  • Delays in recovering owed rent

 

Our attorneys ensure your practices are legally compliant, fair, and enforceable—minimizing liability and maximizing your ability to protect your property.

Security Deposit Compliance: Know the Rules

Effective legal handling of security deposits includes:

  • Separate account in a New York bank

  • No comingling with personal or business funds

  • Annual interest (for buildings with six or more units)

  • Timely itemized statement within 14 days of lease termination

  • Compliance with recent reforms to tenant protection laws

 

We assist landlords in aligning with these obligations and responding to tenant inquiries with clarity and legal backing.

Good Cause Eviction: How It Affects Rent Disputes

If your property is subject to Good Cause Eviction provisions, your right to remove a tenant for non-payment or impose significant rent increases may be limited. Our team will:

  • Review lease language for compliance

  • Identify when rent increase caps apply

  • Help establish “good cause” under applicable regulations

Who We Serve

  • Landlords and property managers in NYC and surrounding boroughs

  • Owners of rent-stabilized, market-rate, or subsidized housing

  • Landlords navigating court actions for rent recovery

  • Investors seeking legal security for rental income

Backlinks:

  • Non-Payment Cases

  • Lease Disputes

Related Resources and FAQs

  • Blog: “Can I Keep a Tenant’s Security Deposit? What the Law Says”

  • Guide: “The Rent Collection Checklist Every NYC Landlord Should Know”

  • FAQ: “How Long Do I Have to Return a Security Deposit?”

  • Link to Contact Us for legal consultation

  • Internal references to case-specific pages in the Resources & FAQs section

Let Us Help You Protect Your Property

  • Our landlord-focused legal services are designed to help you stay compliant, enforce your lease terms, and secure your rental income—all while reducing the risk of tenant disputes and financial loss.

  • Book a consultation today. Contact Us

Located across from the Barclays Center, Downtown Brooklyn


Over 20 years of experience in OATH Violations, Landlord-Tenant Disputes, and Real Estate Transactions.

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CONTACTS

Calle Pacífico 592
Brooklyn, Nueva York 11217

(347) 392-6356 o (844) NACMIAS

recepción@nacmiaslaw.com

De lunes a viernes

De 9:30 a 17:30 horas

Derechos de autor © 2024 Nacmias Law Firm, PLLC. Todos los derechos reservados.

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