Recover Your NYC Security Deposit Interest.
Find out exactly how much your landlord owes you. Calculate your accrued interest and assess your eligibility for Treble Damages in just a few minutes.
Trusted by thousands of tenants across NYC.
Security Deposit Interest Calculator
NY General Obligations Law § 7-103
Designed for Renters in All 5 Boroughs
How It Works
We've simplified the complex legal formulas into three easy steps. No lawyer required to get started.
1. Enter Building Details
Provide basic information about your apartment, move-in date, and if your building has 6 or more units.
2. Calculate Interest
Our tool instantly computes the exact accrued interest your landlord legally owes you under NY state law.
3. Generate Demand Letter
If owed, automatically generate a legally sound demand letter to send to your landlord or management company.
Know Your Tenant Rights in New York State
Under General Obligations Law § 7-103, landlords of buildings with 6 or more units are required to place security deposits in an interest-bearing account. Tenants are entitled to this interest, minus a 1% administrative fee.
- Yearly Payouts: Landlords must pay you the interest annually or apply it toward your rent.
- Bank Notification: They must notify you in writing of the bank's name and address where the deposit is held.
- Treble Damages: Failure to comply with these laws can make them liable for penalty damages.
Ready to claim what's yours?
Stop leaving money on the table. Use our free calculator to see if your landlord owes you interest today.
Calculate My Interest NowThis tool is for informational purposes only and does not constitute legal advice.
Always consult with a qualified attorney for legal guidance regarding your specific situation in New York State.