New York Rental Agreement Templates

New York Rental Agreement

New York lease agreements are contracts used by landlords to authorize a tenant for a rental property. The most common length of time is a one (1) year lease; however, tenants will often rent on a month-to-month basis, sublease, roommate, and other types of tenancy. Once the agreement is signed by the landlord (lessor) and tenant (lessee), the document is legally binding for the term of the lease.

New York Residential Lease Agreement

The New York residential lease agreement (“rental agreement”) is a written contract for the exchange of the temporary use of a residential property for regular, periodic payments (“rent”). Once signed by the landlord and tenant, the document becomes legally binding for both parties. 

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New York Month-to-Month Rental Agreement

New York month-to-month lease is a real estate contract for shorter-term rentals that allow the property owner or lessee to modify or cancel the agreement at any time with at least one (1) month’s notice to the other party.
It is recommended that the landlord collects one month’s rent for the security deposit in case the tenant does not pay and if any damage is found on the premises. It is often a wise choice to demand that the tenant fill out a rental application to ensure they’re creditworthy and able to make their monthly payments.

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New York Rental Application Form

The New York rental application form is part of the tenant screening process used by landlords to choose viable tenants to rent properties. Before writing up a lease, landlords can use this document to gain access to background reports for each tenant.

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New York Roommate Agreement

The New York roommate agreement (“room rental agreement”) is a binding legal contract that defines the obligations of each tenant in a shared living situation (“co-tenants”). Each co-tenant agrees to meet a financial obligation, as well as other terms and conditions that may be specified in the document.

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New York Commercial Lease Agreement 

A New York commercial lease agreement allows the renting of retail, industrial, or office space between a property manager/owner and an individual or entity. This type of arrangement is usually three (3) to five (5) years long with the tenant typically having the option to renew for more years at a predetermined rental rate.

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New York Disclosures

Allergen Hazards (NYC Admin Code § 27-2017.1) (NYC ONLY) – The landlord is required to make an annual inspection of indoor allergen hazards such as mold, mice, rats, and cockroaches. (NYC Admin Code § 27-2017.1)

Bed Bug Disclosure (NYC Admin Code § 27–2018.1) (NYC Only) – Landlords are required to acknowledge the existence of bed bugs in the rental unit.

Copy of Signed Lease (Tenants’ Rights Guide) (Rent Stabilized Tenants ONLY) – The landlord must give a signed copy of their lease within thirty (30) days of tenancy.

Lead-Based Paint Disclosure – Per federal law requiring all residences built before 1978 for the landlord to issue this notice to inform the tenant of the hazardous paint within the walls and ceiling.

Security Deposit Receipt (§ 7-103) – No matter the amount, if a deposit is accepted by the landlord the name and location of the financial institution must be relayed to the tenant in writing.

Smoking Policy (NYC Admin Code 5, § 17-505) (NYC ONLY) – Buildings of three (3) or more units must have a policy outlining where smoking is prohibited.

Sprinkler Disclosure (Article 7, Section 231-A) – Must contain notice of whether or not a sprinkler system exists.

Stove Knob Covers (NYC Admin Code § 27-2046.4(a)) (NYC ONLY) – For tenants with children under six (6) years of age, the landlord must provide knob covers for gas-powered stoves.

Window Guards (NYC Admin Code § 27–2043.1) (NYC ONLY) – In the City of New York if the tenant has a child that is ten (10) years of age or younger the landlord is required to fit the apartment with window guards.

New York Security Deposits

Interest (§ 7-103(2-a)) – If the tenant is living in a building that has at least six (6) residential units then the landlord is required to deposit the Security Deposit into an interest-bearing account. The benefit of the interest shall be to the tenant upon vacating the property at the end of the lease.

Maximum (Emergency Tenant Protection Act 576/74(f)) – The landlord may charge up to one (1) month’s rent.

Returning (§ 7-108 (e)) – The landlord must give the funds back within fourteen (14) days after the tenant has vacated the premises. If there are any funds that are held by the landlord then the tenant is required to receive a list of itemized deductions.

These resources are for informational purposes only and should not be construed as legal advice. Landlords and Tenants are encouraged to seek specific legal advice for any of the issues as found in this blog.

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