There has been some question as to who gets the interest on your security check. This is the law:
Here is the most noteworthy information:
"If the building has six or more units the landlord must pay interest,
if any, on your security deposit. The owner may keep one percent of
the deposit amount each year as an administrative fee. If the building
has fewer than six units and the owner deposits the security in a bank,
the interest also belongs to the tenant, less one percent for
"For example: A tenant pays a security deposit of $1,000. The
landlord places the deposit in an interest-bearing account paying 1.1%.
At the end of the year the account will have earned interest of $11.
The tenant is entitled to $1 and the landlord may retain $10, 1% of the
deposit, as an administrative fee. However, be aware that with interest
rates averaging below 1% in recent years, tenants may not be eligible
to receive any interest at all."
To read other information, go to that site.
It appears that one's security deposit is different for each tenant, depending on what rent is paid and what is the security deposit.
Recently, there has been a change of banks. We will see if this change benefits one side financially.
AN OFFER: PAY ME ONE DOLLAR FOR EVERY INFRACTION THAT I SEE--A UNCOVERED MATTRESS ON THE LOOP, DOG DO-DO NOT PICKED UP, OUTSIDE DOGS BEING WALKED INTO ST OR PCV. ONE DOLLAR FOR ONE PHOTO. I KNOW MANAGEMENT READS THIS BLOG, SO ACCEPT MY OFFER. BLACKSTONE WILL BE SO MUCH BETTER.
As we see, nothing much is being done about the many complaints residents have: the discarded furniture on the loops, including the illegal discarding of uncovered mattress; the outside dogs that are infrequently checked for that blue ST lanyard, and their owners escorted out if they don't have one; the lack of R7-2 clarity from our local politicians who seem to be delaying and delaying; the club cars that go this way and that, and many times against regular traffic rules; the failure of our TA to even address those issues, etc. On top of that, residents near the building of the subway extension on 14 Street have had to endure noise and health issues at all hours of the day and night. This is not the way to live. Because of these facts, and a few more, a new representation has to happen. This is where Stuyvesant Town Tenants Advocacy comes in. There are no dues, and plans are underway to get the group doing something proactive about our complaints. The time for submitting our complaints to Management, Public Safety and Blackstone is over.
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Management has two priorities: 1) Making sure money is made, hence upgrading and filling up apartments is their goal. "Amenities" are important in selling the place, though few residents use them. 2) If someone needs medical attention, Public Safety will be there, if alerted.
Quality of life issues are not that important, however. Things like the carpet rule or outsider dogs. These "rules" tend to be ignored, on purpose it seems. So you will see a lot that isn't taken care of properly, and complaints will be met with a creative excuse and a smile.
"Peace and quiet" must be a cruel joke, though this property is sold that way. There can be no peace and quiet as ALL apartments must be upgraded, which includes the installation of an AC unit below the window. Aside from the continual construction about the neighborhood, there is a new and noisy subway extension being built along East 14 st and the shut down of the L line. "Choosing" to live in NYC, now the newest mantra, is a fabrication when the talk is of ST and PCV, which was traditionally quiet, with no construction noise.
Though money was always important, it is now more important than ever. Money rules many things, as you will find.
At this point, 30 years into living here and seeing many things, I can state that Management and their reps are BS-ing us. I can't say that loudly enough: We are being BS-ed. I don't see any genuine change, though the "selling" of this place is intense. Few of the "rules" will be enforced, as Management doesn't want to lose customers or potential customers. Where personal integrity is a hallmark of an excellent management style, this integrity is not seen in enforcing some of the rules.
Our Tenants Association is, basically, null and void. Oh, it is still around, but it lacks the will power to confront much of anything. The TA will ask for your dues, however. By now, the TA is a charade.
About those "club cars" we see going this way and that way, and outside of Stuy Town or Peter Cooper Village:
Tenants' Rights: http://www.citizensinformation.ie/en/housing/renting_a_home/tenants_rights_and_obligations.html