New York Standard Residential Lease Agreement

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A New York standard residential lease agreement is the contract that enables a landlord to rent out their residential property for a fixed term. The document ensures that the parties are bound to the lease terms, including rent payments, security deposits, utilities, and late fees. Most lease agreements are for a one-year term, though it may be set for any period of time.

New York Standard Residential Lease Agreement

A New York standard residential lease agreement is the contract that enables a landlord to rent out their residential property for a fixed term. The document ensures that the parties are bound to the lease terms, including rent payments, security deposits, utilities, and late fees. Most lease agreements are for a one-year term, though it may be set for any period of time.

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Last updated January 19th, 2024

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A New York standard residential lease agreement is the contract that enables a landlord to rent out their residential property for a fixed term. The document ensures that the parties are bound to the lease terms, including rent payments, security deposits, utilities, and late fees. Most lease agreements are for a one-year term, though it may be set for any period of time.

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Rental Application – Filled out by individuals interested in a rental unit to provide their information and consent to background checks.

Required Disclosures (10)

  1. Allergen Hazards Disclosure (NYC Only) (PDF) – This form notifies tenants that the property owner must inspect for indoor allergen hazards yearly.[1]
  2. Bedbug Infestation Disclosure (NYC Only) (PDF) – Occupants must be provided a bedbug infestation disclosure.[2]
  3. Building Smoking Policy Disclosure (NYC Only) (PDF) – Landlords of property containing at least three units must disclose any designated smoking areas.[3]
  4. Certificate of Occupancy – Landlords of property with three or fewer units must disclose if they hold a valid certificate of occupancy and provide a copy along with the lease agreement.[4]
  5. Flood Disclosure (PDF) – Lease agreements must state whether a unit is within a floodplain and whether that unit has been damaged by natural flooding. A flood history and risk notice must also be included in the lease.[5]
  6. Lead-Based Paint Disclosure (PDF) – Landlords must disclose the possibility of toxic paint on the premises of property built prior to 1978.[6]
  7. Security Deposit Receipt (PDF) – The name and address of the banking organization where security deposits are held must be disclosed.[7]
  8. Sprinkler System Disclosure (PDF) – Leases must contain this notice disclosing if a sprinkler system is maintained on the property.[8]
  9. Stove Knob Covers Disclosure (NYC Only) (PDF) – Once a year, owners must disclose their responsibility to provide knob covers for gas stoves to tenants living with a child under six.[9]
  10. Window Guard Disclosure (NYC Only) (PDF) – If a tenant lives with a child aged ten or younger, this disclosure must be attached to the lease to notify them of the landlord’s responsibility to install window guards.[10]

Security Deposits

  • Maximum Amount ($)  – 1 month’s rent.[11]
  • Returning to Tenant – 14 days.[12]

Rent Grace Period

If rent has not been paid within five days of the due date, a late fee of up to 5% of the monthly rent or $50 may be charged, whichever is less.[13]

Landlord Resources

Sources

  1. NYC Admin. Code § 27-2017.2(c)
  2. NYC Admin. Code § 27–2018.1(a)
  3. NYC Admin. Code § 17-506.1(b)(2)
  4. RPP § 235-bb(1)
  5. RPP § 231-b
  6. EPA/HUD Fact Sheet
  7. § 7-103(2)
  8. § 231-A(1)
  9. NYC Admin. Code § 27-2046.4(b)(1)
  10. NYC Admin. Code § 27–2043.1
  11. § 7-108(1-a)(a)
  12. § 7-108(1-a)(e)
  13. § 238-A(2)