New York Standard Residential Lease Agreement Templates – PDF
The New York standard residential lease agreement is a contract between a landlord and tenant for the occupation of rental property for a one (1) year term. 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.
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)).
Bed Bugs – In New York City exclusively, a landlord is legally required to provide notice to the tenant of the history of bedbug infestation on the premises (§27–2018.1).
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 – 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 (NY Gen Oblig L § 7-103 (2)).
Window Guards – In New York City, 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 which 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.