Amy Geiger had a two-year lease on a Manhattan apartment that began on August 1, 2019, and was to run until July 31, 2021 at a rate of $1,200 per month. What is the maximum security deposit the landlord can charge Amy under the URLTA?

Question

Quizplus · Accepted Answer

The URLTA limits security deposits to one month's rent, so the maximum security deposit the landlord can charge Amy is $1,200.

Amy Geiger Had a Two-Year Lease on a Manhattan Apartment