Legal Question in Real Estate Law in New York

escrow

I a landlord have held in escrow $1000 for rent of apartment.

Can I legally hold back $400.00 for repairs and give only $600.00 back to my tenant?

Thank you


Asked on 8/31/01, 12:36 pm

1 Answer from Attorneys
Savyon Grant Law Office of Savy Grant

Re: escrow

within the first 30 days of the tenant moving, you must give an itemized list of all damaged property to the tenant. Than you can withhold the amount it will cost to fix the property.

If you do not itemize & give a written list to the tenant within the 30 days the court can order you to give back 2x the security deposit.

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Answered on 10/02/01, 3:34 pm


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