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We review Assembly Bill A4587 / Senate Bill S6877. The bill amends General Obligations Law §7-108(1-a) which, if passed, will exempt certain seasonal use tenancies from the maximum deposit or advance of one month’s rent. We breakdown the conditions and how this will impact the rental industry.
By Andrew Lieb / Lauren Lieb5
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We review Assembly Bill A4587 / Senate Bill S6877. The bill amends General Obligations Law §7-108(1-a) which, if passed, will exempt certain seasonal use tenancies from the maximum deposit or advance of one month’s rent. We breakdown the conditions and how this will impact the rental industry.