Micah Lasher’s Bills
A6423 · 2025–2026

Makes rent stabilized dwelling units eligible for certain protections

Signed into law, Chapter 436 of 2025

Requires that the entire amount of a rental deposit or advance be refundable to the tenant upon the tenant's vacating of the premises except for an amount lawfully retained for non-payment of rent or utilities, damage caused by the tenant, or storage costs; requires landlord to provide an itemized statement of damages and to return the balance of the deposit within 14 days; requires that tenant be given the opportunity to inspect the rental premises prior to signing a lease; allows a grantee or assignee of the leased premises to demand that an escrow account be opened.

On the Assembly floor this bill was replaced by its identical Senate companion S952, which carried the measure forward; it was signed into law as Chapter 436 of 2025.

Official record

Official summary · NYS Open LegislationRequires that the entire amount of a rental deposit or advance be refundable to the tenant upon the tenant's vacating of the premises except for an amount lawfully retained for non-payment of rent or utilities, damage caused by the tenant, or storage costs; requires landlord to provide an itemized statement of damages and to return the balance of the deposit within 14 days; requires that tenant be given the opportunity to inspect the rental premises prior to signing a lease; allows a grantee or assignee of the leased premises to demand that an escrow account be opened.

What it does: AN ACT to amend the general obligations law, in relation to the liability of a grantee or assignee for deposits made by tenants upon conveyance of rent stabilized dwelling units

Legislative history

  1. 2025-03-04Assembly: REFERRED TO JUDICIARY
  2. 2025-04-08Assembly: AMEND AND RECOMMIT TO JUDICIARY
  3. 2025-04-08Assembly: PRINT NUMBER 6423A
  4. 2025-04-15Assembly: REPORTED REFERRED TO CODES
  5. 2025-04-28Assembly: REPORTED REFERRED TO RULES
  6. 2025-04-29Assembly: REPORTED
  7. 2025-04-29Assembly: RULES REPORT CAL.154
  8. 2025-04-29Assembly: ORDERED TO THIRD READING RULES CAL.154
  9. 2025-04-30Assembly: SUBSTITUTED BY S952B