“This is an attempt to circumvent the law and anyone who has been told to pay a good faith bond should report the company to the Department of Foreign Affairs and to myself or his elected official,” Rosenthal said. The real estate agent, who was working on the Bushwick apartment the woman was looking for, demanded that in August she post a bond of US$2,150 in good faith with her application. The non-refundable payment amounted to one month`s rent and would move to brokerage fees, “regardless of whether we chose to sign the lease,” she told THE CITY. If you sign the rental agreement for your apartment and you have submitted your deposit, you should work with the intention of recovering your deposit, which means that you comply with the rental agreement and return the apartment in good condition. In a similar scenario, if you break the lease and you can`t find a sub-letter, but your landlord is able to immediately find another tenant, you are still liable for the return of your deposit. The only problem would be to indicate in the lease agreement that the breach of the lease results in the loss of the deposit. What is a “reasonable” time to return your deposit? About 30-60 days. If you feel that your landlord is not complying with what is yours, try to convey the situation. There may be exeumentary circumstances that would prevent the owner from returning your deposit. If mediation does not work, you should take it to court with small applications. This document gives you an overview of the expectations and contact information of NYC Small Claims Courts in your area. “If our application were accepted – even if we had not signed the lease or were subsequently withdrawn – we would still lose brokerage fees and losers in good faith. It was really foreign to me,” she said.
An interviewee who recently moved into a Park Slope apartment and refused to be named for fear of being blacklisted by the tenant said she had been asked by the broker to file a good faith deposit with his application. Constable Nooklyn suggested that I make a “floating deposit.” Basically, I have a $1,000 deposit on the apartment on his website. This brings me first to this apartment and buys some time to look for other people while the owner starts the application process. He said the deposit could be transferred or refunded to another apartment in Nooklyn if I eventually found a place elsewhere. “They said no that I would get that when I signed the lease,” she told the city. “Of course, it`s like a high-stakes situation. If some kind of story was revealed recently and you wanted to leave because you are not comfortable with it, it would mean that you would leave the apartment and lose your deposit in good faith. Samuel Himmelstein, a Manhattan apartment lawyer Himmelstein, McConnell, Gribben, Donoghue and Joseph, said good faith deposits “are not allowed” according to his reading of the new Housing Security and Tenant Protection Act.