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"A landlord is the best advised to provide a complete historical account of the manner in which the cash was handled plus the account is actually managed in case your landlord wants to overcome an overview wisdom actions claiming conversion process from a protection put." McMaster v. Pearse, 9 Misc. However, a property owner gets the load showing the security put is actually properly handled and not misused. Pursuant to help you GOL § 7-103(1) a property manager is needed to hold a protection deposit within the faith for its renters since the a tenants' security deposit continues to be the currency of one’s clients which produced the new deposit and may not be comingled from the property manager for the property manager's own money.

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