Ralph I dont think your familiar with NYC real estate but just so you know some neighborhoods 3/4s of the homes have illegal basment apartments. The real estate is so expensive some landlords take the chance. Im not in law enforcement so I wouldnt advocate reporting anyone.Whats the point of reporting this landlord anyway the bank wont approve a shortsale with the tenant in the basment anyway. the poor guy is loseing a ton of cash because he is short sailing in good conscence I dont think I cant advocate driving the poor guy to suicide.besides it may be me doing the short sale for him.... more
Landlords, regardless of the number of units in the building, must treat security deposits as trust funds belonging to their tenants and they may not co-mingle deposits with their own money. If the building has six or more units the landlord must put the money in an interest bearing account.
Even if your landlord has "spent" the deposit, he is still responsible for returning the money to you (less deductions for any damages or unpaid rent) at the end of your tenancy.
If your tenancy is ending, he should repay you. If you are remaining in the apartment, he has violated the law. You may want to consider withholding the last monthâ€™s rent until you get a full accounting for your deposit.
S if the apartment has six units or more he must pay interest.... more