The itemized statement New York requires when you keep any part of a deposit — due within 14 days under N.Y. Gen. Oblig. Law §§ 7-103, 7-108 — generated from the deposit settlement in your ledger, with every deduction, the refund, the interest and the statute already in it.
Pick the situation; the rule on each card is New York's statutory minimum — your lease can be more generous to the tenant, never less.
N.Y. Gen. Oblig. Law §§ 7-103, 7-10814 days (N.Y. Gen. Oblig. Law §§ 7-103, 7-108).
Unpaid rent and charges the lease allows, and damage beyond normal wear and tear. Not routine cleaning, repainting, or carpet wear from ordinary use. Each deduction must be itemized.
Yes: One month’s rent.
Yes in buildings with 6 or more units.
The statement shows the balance owed and the tenant is liable for it. The in-app settlement posts the difference to accounts receivable so it is not forgotten.
New York landlord-tenant laws · New York lease template · Deposit return letters for all 50 states
Deductions, refund, deadline and the statute filled in from your ledger. Free.
Deadlines and rules are New York's statutory minimums as of 2026, reviewed against New York General Obligations Law § 7-108 (Security deposits). General information for landlords, not legal advice; local ordinances can add requirements.