Tenants pressured to pay cash up front despite new rent law’s limits
This story was originally published on Sept. 18 by THE CITY.
New York’s new rent law, signed in June, bars landlords from collecting more than one month’s security deposit from prospective tenants.
But that hasn’t stopped brokers and property owners from demanding larger sums from apartment-hunters — a “good faith” deposit that can cost applicants dearly if they have second thoughts.