Landlord-Tenant Lease Security Service

Ready to reduce operating costs and the administrative burden of multi-tenant property management?

Ideal holding account for tenants' security deposits
Interest paid on each sub-account
 
We produce and mail all IRS 1099 tax forms
 
We administer all interest distributions to tenants
 
No administrative fees charged to landlords or managing agents

Eliminate hassles and reduce your paperwork with trusted lease security services

When managing multi-tenant properties, tedious administrative tasks pile up.  Apple Bank can ease the burden with our New York landlord-tenant lease security services.  Here’s what we provide:

  • Detailed monthly statements for each property with tenant security deposit sub-accounts.
  • No maintenance fees for landlords and earn up to 1% on administrative fees on tenant account balances.
  • Write checks directly from the Lease Security Checking account for tenant reimbursements, and view your balances online. (Tenant account access is restricted.)
  • Administration of tenant interest distributions on your behalf.
  • Production and mailing of all year-end IRS 1099 tax forms for each tenant and the landlord.
  • Requesting of all missing, invalid or non-certified Tax Identification Numbers from your tenants on your behalf.