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Assembly votes to extend 2019 tenant security-deposit protections to rent-stabilized units in New York City
Summary
The Assembly approved a bill applying security-deposit rules from the 2019 Housing Stability and Tenant Protection Act to rent-stabilized housing in New York City, including limits on deposits and potential punitive damages for willful violations.
The Assembly passed legislation that applies certain security-deposit protections, originally enacted for market-rate tenants in the Housing Stability and Tenant Protection Act of 2019 (HSTPA), to rent-stabilized tenants in New York City.
Sponsor explanation on the floor said the measure would limit security deposits to no more than one month’s rent, require itemized statements for any deductions, and create procedures for…
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