Extends the timeline for the return of security deposits for residential rental agreements from fourteen days to thirty days

This bill changes the deadline for landlords to return security deposits after a tenant moves out. It extends the current 14-day timeline to 30 days, requiring landlords to provide an itemized statement and return any remaining deposit within that period. Landlords who fail to meet the 30-day deadline forfeit their right to keep any portion of the deposit. The bill directly affects residential landlords and tenants in New York, with no other changes to existing security deposit rules.