Property Management
In New York, a landlord who receives a tenant's notice of vacating must inspect the unit and provide a written statement of any deductions from the security deposit within how many days of the tenant vacating?
A5 days
B14 days✓ Correct
C30 days
D45 days
Explanation
Under NY General Obligations Law section 7-108 (as amended by the HSTPA 2019), a landlord must return the security deposit or provide a written itemized statement of deductions within 14 days after the tenant vacates and returns the keys. Failure to do so may result in forfeiture of any right to withhold the deposit.
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