Security Deposit Regulations in NYC Commercial Leases

BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Here’s a general overview:   No Statutory Limit: Unlike residential leases, there is no statutory limit on the amount of security deposit a landlord can request for commercial leases in NYC. Landlords and tenants are generally free to negotiate the terms of the security deposit based […]

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