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Security Deposit Interest

Posted by C. Edward on September 23, 2000 at 19:28:51:

(NYC Rent Stab. tenement ap't.) Around thirteen years ago, I paid a security deposit equal to about one month's rent (around $1100). Since then, the building has changed hands several times and I was lucky enough to get my rent lowered to around $800 a month. Legally, I am entitled to the interest that has accumulated on my deposit (minus a 1% 'handling fee), although I have never received any interest money. Furthermore, I'm sure the new owner will say that my deposit has long since vanished in the "landlord shuffles" over the years. In spite of this, I would like to (a) get the interest I am due (which should be a few hundred bucks by now), and (b) be reimbursed the $300 difference between the original amount which was based on the higher rent. As the current owner (and hypothetical keeper of all security deposits), is he responsible for these charges?

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