Landlord must refund excess security deposit.

Position::SECURITY DEPOSITS - Brief article
 
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Rent-stabilized tenant in a 421-a building complained of a rent overcharge. The DRA found no overcharge, but directed landlord to refund excess security deposit collected. Landlord appealed and lost. Under the 421-a tax benefit program, landlord can collect a 2.2 percent increase annually. This increases the collectible rent, but not the legal regulated rent. While tenant's collectible rent with the 2.2 percent increase...

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