New York Residential Lease Agreement | PDF – MS Word
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). This is the most widely used rental real estate contract for homes, apartments, trailers, and any other types of housing units.
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 to any long term agreement. This will lessen the likelihood of late payments, an uncooperative tenant, and a stressful and costly eviction process. 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 has been paid.
Table of Contents
- Forms (3)
- Security Deposit Laws
- Required Disclosures
- Rent Grace Period
- Guides & Laws
Download: Adobe PDF
Download: Adobe PDF
Maximum Amount ($) – Landlord may request a maximum of one (1) month’s rent at the time of lease signing (§ 576/74(f)).
Returning – Landlord must return the security deposit within fourteen (14) days after the tenant vacates the property. If there are any itemized deductions, a statement must be given to the tenant (§ 7-108 (e)).
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.
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.
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. If any are found the landlord is responsible to remediate the issue.
Window Guards Disclosure (NYC Admin Code § 27–2043.1) – If a residence will contain a child of ten (10) years or younger, the landlord must give the tenant a form to complete titled “WINDOW GUARDS REQUIRED: Lease Notice to Tenant” within the first thirty (30) days of the lease.
There are no statutes that provide a tenant with a grace period in which to pay rent if late. The amount owed should be delivered to the landlord in accordance with the rental agreement.