![]() ![]() Code, § 17-505) – The landlord with a property of 3 or more units, must If any are found the landlord is responsible to remediate the issue. Responsibility to Remediate ( Admin Code § 27-2017.1) – The landlord must provide an annual inspection for indoor allergen hazards such as mice, mold, rats, and other infectious hazards. New York City ONLYīed Bug Disclosure – A landlord is legally required to provide notice to the tenant of the history of a bedbug infestation on the premises. If there is an internal sprinkler system in a residence it must be stated in the lease. Sprinkler Disclosure ( Article 7, Section 231-A ) – Statewide. Security Deposit Receipt ( NY Gen Oblig L § 7-103 (2)) – When a security deposit is made by the tenant, the landlord is obligated to provide the tenant with the name and location of the bank where the deposit was placed. Lead-Based Paint – In accordance with federal law, the lease of any property built prior to 1978 must be accompanied by a signed lead-based paint disclosure form notifying the tenant of the possibility of lead-based paint on the premises. The landlord must provide a copy of the lease within 30 days. Required Disclosures StatewideĬopy of the Lease ( Tenants’ Rights Guide) – For rent-stabilized residences ONLY. If there are any itemized deductions, a statement must be given to the tenant ( § 7-108 (e)). Returning – Landlord must return the security deposit within fourteen (14) days after the tenant vacates the property. Maximum Amount ($) – Landlord may request a maximum of one (1) month’s rent at the time of lease signing ( § 576/74(f)). ![]() New York Real Estate Board Lease Agreement ![]() Table of Contentsĭownload: Adobe PDF, MS Word, OpenDocument Once the tenant has been qualified for the residence, he or she should be issued a lease agreement and access to the property once all deposits and first months’ rent have been paid. This will lessen the likelihood of late payments, an uncooperative tenant, and a stressful and costly eviction process. It is recommended that the property owner or manager verify the credit and employment information given by a tenant through the rental application before signing any long-term agreement. This is the most widely used rental real estate contract for homes, apartments, trailers, and any other types of housing units. A New York residential lease agreement is a contract between a landlord and tenant for the occupation of rental property for a fixed term (commonly 1-year). ![]()
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