Ithaca, N.Y., Code of Ordinances ch. 258 § 258-4
Notification to tenant
Operative Text
Whenever a tenant shall provide to the landlord a security deposit, the landlord shall provide to the tenant a written receipt for the security deposit and shall further inform the tenant, in writing, of the location where the deposit is held; if the deposit is being held in a banking organization, the name and address of the banking organization in which the security deposit is being held; and a statement as to whether or not the deposit is being held in an interest-bearing account.
Under Ithaca, N.Y., Code of Ordinances ch. 258 § 258-4, when a tenant pays a security deposit, the landlord is required to provide a written receipt and a written disclosure covering three specific pieces of information: where the deposit is being held, the name and address of any banking organization holding the funds, and whether the account is interest-bearing or not. This rule creates a paper trail that documents the deposit's existence and location from the outset of the tenancy. The provision applies any time a security deposit changes hands between a tenant and a landlord in Ithaca.
Plain English — not legal advice.
Operators subject to Ithaca, N.Y., Code of Ordinances ch. 258 § 258-4 generally issue a written receipt at the time they collect a security deposit and accompany it with a written disclosure identifying the deposit's storage location, the name and address of the bank if one is used, and a clear statement about whether the account earns interest. Maintaining copies of these written notices in the tenant's file helps demonstrate compliance if questions arise later. Providing this documentation promptly at move-in is the standard practice for compliant property management under this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under Ithaca, N.Y., Code of Ordinances ch. 258 § 258-4, tenants are entitled to receive a written receipt and a written disclosure whenever they pay a security deposit, including details about where the money is held and whether it earns interest. If a landlord does not provide these documents, tenants may have grounds to raise that failure as a relevant issue in disputes over the deposit's return or handling. Tenant-rights organizations in Ithaca or the City's code enforcement office can be consulted to understand what options are generally available when a landlord does not comply with this notification requirement.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 7, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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