What in the actual fuck?
By law, my state strictly limits the amount of security deposit a landlord can charge. And none of this calling it "last month's rent" nonsense - legally any monies collected beyond the first month's rent that the landlord is hanging onto is a security deposit no matter what the landlord wants to call it.
I thought this was par for the course.
I just checked and NY has no statutory limit on security deposits. Wow! That seems like a problem.