Lake Success, NY Security Deposit Laws 2026
New York limits security deposits to 1 month(s) of rent. In Lake Success, that's $1,579 at the median 2BR rent of $1,579/month. Miss the 14-day return deadline and you could owe $3,158+.
In New York, landlords must return security deposits within 14 days after move-out. The maximum deposit is 1 month(s) of rent. Failure to return on time or provide an itemized statement can result in penalties of $3,158 or more.
This applies to properties in Lake Success, NY. Check all requirements for your property →
Key Takeaways — Lake Success Security Deposit Laws
- Maximum deposit: 1 month(s) of rent = $1,579 at Lake Success's median rent
- Return deadline: 14 days after tenant moves out
- Penalty for late return: Up to 2x the deposit ($3,158)
- Itemized statement: Required with any deductions
Security Deposit Laws in Lake Success
Under New York law, landlords in Lake Success may collect a maximum security deposit of 1 month(s) of rent, regardless of whether the unit is furnished or unfurnished. At Lake Success's median 2-bedroom rent of $1,579/month, that means the most you can legally collect is $1,579.
$1,579
max deposit (1mo × $1,579)
14 days
return deadline
$3,158
max penalty for late return
Returning the Deposit: The 14-Day Clock
Once a tenant moves out of your Lake Success rental, New York law gives you exactly 14 days to either return the full deposit or provide an itemized statement of deductions. The clock starts on the day the tenant surrenders possession — not when you inspect the unit.
What you can deduct from a security deposit in Lake Success:
- Unpaid rent
- Damage beyond normal wear and tear
- Cleaning costs to restore the unit to move-in condition
- Costs for restoring or replacing personal property (if lease allows)
What you cannot deduct:
- Normal wear and tear (minor scuffs, carpet wear, faded paint)
- Pre-existing damage (document with photos at move-in)
- Professional cleaning if the tenant left the unit in reasonable condition
Penalty Warning
Violate New York security deposit laws rules in Lake Success and you could owe $3,158+. At Lake Success's median rent of $1,579/month, even a single violation adds up fast.
Lake Success Rental Market Context
Lake Success is the 249th-largest city in New York (population 2,803). With a median 2-bedroom rent of $1,579/month, it falls in the above-average range for New York rental costs — 16% above the state median of $1,360/month.
How Lake Success Compares in County
Lake Success ranks #40 of 96 cities in County by population. Because security deposit laws rules are often tied to rent amounts, costs vary across the county.
| City | Population | Median Rent | Max Deposit |
|---|---|---|---|
| Kiryas Joel | 41,857 | $1,702/mo | $1,702 |
| Lackawanna | 19,593 | $1,702/mo | $1,702 |
| Kenmore | 14,916 | $1,702/mo | $1,702 |
| Sleepy Hollow | 10,962 | $1,702/mo | $1,702 |
| Chestnut Ridge | 10,526 | $1,702/mo | $1,702 |
| Airmont | 10,163 | $1,702/mo | $1,702 |
| New Square | 9,824 | $1,702/mo | $1,702 |
| Rye Brook | 9,772 | $1,702/mo | $1,702 |
| Hastings-on-Hudson | 8,307 | $1,702/mo | $1,702 |
| Croton-on-Hudson | 8,136 | $1,702/mo | $1,702 |
| Great Neck Plaza | 7,651 | $1,702/mo | $1,702 |
| Colonie | 7,622 | $1,702/mo | $1,702 |
| East Hills | 7,228 | $1,702/mo | $1,702 |
| Scotia | 7,221 | $1,702/mo | $1,702 |
| Manorhaven | 6,901 | $1,702/mo | $1,702 |
Rents based on HUD Fair Market Rents (FY2026) for County, New York. All cities follow New York state law unless a local ordinance applies.
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How Lake Success Rents Affect Deposit Amounts
Deposit amounts scale with local rents. Here's what Lake Success landlords typically collect:
| Unit Size | Median Rent (Lake Success) | Max Deposit (1mo) | Penalty Risk |
|---|---|---|---|
| Studio | $1,215/mo | $1,215 | $2,430 |
| 1-Bedroom | $1,315/mo | $1,315 | $2,630 |
| 2-Bedroom | $1,579/mo | $1,579 | $3,158 |
| 3-Bedroom | $1,976/mo | $1,976 | $3,952 |
Rents based on HUD Fair Market Rents (FY2026) for State Average.
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More Lake Success Landlord Laws
Security Deposit Laws in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019
LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.
