Q: I heard that landlords are no longer able to ask for 1st month, last month and security deposit. As of June 13 in NYC?
Is it true that the laws changed on the 13 of June 2019. Landlords are no longer able to ask for three ways and the security deposit cannot exceed 1 months rent. Is this true?
A: Landlord's are permitted to hold one month's rent as a security deposit and are still entitled to require payment of first month's rent.
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