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New York Residential Lease Agreement | PDF – MS Word

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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)


 

Standard Residential Lease Agreement

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Blumberg Residential Lease Agreement

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New York Real Estate Board Lease Agreement

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Security Deposit Laws

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)).

Required Disclosures

Statewide

Copy of the Lease (Tenants’ Rights Guide) – For rent-stabilized residences ONLY. The landlord must provide a copy of the lease within 30 days. (Rent-Stabilized Residence Lookup).

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.

Sprinkler Disclosure (Article 7, Section 231-A) Statewide. If there is an internal sprinkler system in a residence it must be stated in the lease.

New York City ONLY

Bed Bug Disclosure – A landlord is legally required to provide notice to the tenant of the history of a bedbug infestation on the premises. (§ 27–2018.1)

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.

Smoking Policy Disclosure (NYC Admin. Code, § 17-505) – The landlord with a property of 3 or more units, must

Stove Knob Covers (NYC Admin Code § 27-2046.4(a)) – If the property has gas-powered stoves and the tenant has any children under 6 years of age, stove knob covers

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.

Rent Grace Period

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.

Guides & Laws