Gallet Dreyer & Berkey, LLP
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One of New York City’s Leading Law Firms

At Gallet Dreyer & Berkey, LLP, we provide clients with a superior work product rivaling that of much larger firms, while maintaining the reasonable billing rates and personalized service of a smaller firm.

CONTACT US
Gallet Dreyer & Berkey, LLP
845 Third Avenue, 5th Floor
New York, NY 10022-6601

T: 212-935-3131
F: 212-935-4514
info@gdblaw.com

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Fall 2019

Fall 2019 Newsletter

November 2019

Security Deposits Limited to One Month – What’s a Landlord to Do?

One of the provisions in the New Rent Law makes significant changes to the collection of security deposits.  In addition, one important and unintended consequence is the law’s effect on cooperatives. Under the New Rent Law, cooperatives collecting an escrow for the conditional approval of a purchaser could run afoul of the new law and be liable for damages.