TenantNet Forum

Where tenants can seek help and help others

Pre-payment of rent

Basic Reference Documents

Moderator: TenantNet

Pre-payment of rent

Postby TenantNet » Thu Aug 05, 2021 11:59 am

Comments from tenant attorneys...

Under Rent Stabilization, pre-paid rent might be considered an overcharge and therefore not allowed. But if no one complains, it's not an issue.

Both the General Obligations Law and RSC speak in terms of prohibiting (in addition to deposits) advances of more than one month’s rent ... it could potentially bar prepaid rent in both rent stab/non rent stab apartments.

RSC 2524.4: “Regardless of any contract, agreement, lease or other obligation heretofore or hereafter entered into, no owner, in addition to the authorized collection of rent, shall demand, receive or retain a security deposit or advance payment for or in connection with the use or occupancy of a housing accommodation which exceeds the rent for one month”

GOL 7-108: “No deposit or advance shall exceed the amount of one month’s rent under such contract.”
The Tenant Network(tm) for Residential Tenants
Information from TenantNet is from experienced non-attorney tenant
activists and is not considered legal advice.

Subscribe to our Twitter Feed @TenantNet
Posts: 9766
Joined: Mon Jan 21, 2002 2:01 am
Location: New York City

Return to Tenant Reference materials

Who is online

Users browsing this forum: No registered users and 2 guests