Requires landlords to return the full security deposit and any accrued interest to which the tenant is entitled less any amount retained by the landlord within 21 days of the end of the lease.

This bill requires landlords in New York to return the full security deposit to tenants within 21 days after a lease ends, along with any interest that has accrued. Landlords can deduct any amounts they are entitled to keep, but they must clearly communicate these deductions to the tenant. This aims to ensure that tenants receive their money back in a timely manner after moving out.

Supporters of this bill argue that it protects tenants' rights by ensuring they receive their security deposits back quickly after their lease ends. They believe it promotes fairness and transparency in rental agreements, helping to alleviate financial stress for renters as they transition to new housing.

Critics of the bill may argue that it places an undue burden on landlords, who may need more time to assess any damages or issues before returning deposits. They could claim that this legislation could lead to increased costs for landlords, which might ultimately result in higher rents for tenants.