For Rent in 10003 : Advice

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William Macl…, Real Estate Pro in ,
William Macleod answered:
NYC landlord asking for last 5 months rent up front NOT in escrow. Legal? What can he legally do with this money?
A security deposit MUST be in an escrow account, period. A landlord is allowed to ask for pre-paid rent, up to the entire year, which does not have to go into the same account as securi ... more
0 votes Share Flag Wed Jun 19, 2013 For Rent in 10003
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