Updated on September 20th, 2022
A New York standard residential lease agreement is a rental contract that grants a tenant the right to occupy a residential dwelling for a fixed term. A written lease is presented to a tenant after they have verbally committed to renting a particular property owned or managed by a landlord. The parties will go over the lease agreement to make sure the tenant understands and agrees to the terms and conditions that the landlord has established. Residential leases should always identify the rent amount, payment date, length of the lease, termination options, security deposits and other fees, and the rights and responsibilities of both parties.
Rental Laws – RPP, Article 7 (Landlord and Tenant)
Handbook (Guide) – Residential Tenants’ Rights Guide
Contents |
Security Deposits
Maximum (GOB § 7-108(1-a)(a)) – One (1) Month’s Rent
Returning (GOB § 7-108(1-a)(e)) – Fourteen (14) Days
When is Rent Due?
Tenants must pay rent to the landlord on the due date written in the lease. If payment has not been made within five (5) days of the due date, a fee may be charged to the tenant in the amount of five percent (5%) of the monthly rent or fifty dollars ($50), whichever is less (RPP § 238-A(2)).
Realtor Version
Board of Real Estate of New York Standard Apartment Lease Agreement – A comprehensive residential lease contract that includes a number of riders, exhibits, and disclosures that will apply to most apartment rentals.
Download: PDF
Disclosures (8) |
Download: PDF |
Download: PDF |
3) Building Smoking Policy Disclosure (NYC Only) (NYC Admin. Code § 17-505) – Identifies the areas where tenants can and cannot smoke (only required for apartments in residential buildings containing three (3) or more units). Download: PDF |
Download: PDF |
Download: PDF |
6) Sprinkler System Disclosure (RPP § 231-A) – This notice shall be included in all residential leases to disclose whether an operative sprinkler system is maintained on the property. Download: PDF |
Download: PDF |
Download: PDF |