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A New York lease agreement is a legal form used when leasing rental property. in exchange for rent payments.
Rental Application – The rental application is a form used by Landlords to collect information from prospective Tenants credit and renting history.
By Type
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
Agreement Form Must Include the Following
Required Disclosures (10)
- Allergen Hazards Disclosure (NYC Only)
- Bedbug Infestation Disclosure (NYC Only)
- Building Smoking Policy Disclosure (NYC Only)
- Certificate of Occupancy
- Flood Disclosure
- Lead-Based Paint Disclosure
- Security Deposit Receipt
- Sprinkler System Disclosure
- Stove Knob Covers Disclosure (NYC Only)
- Window Guard Disclosure (NYC Only)
Security Deposit
Maximum – Landlords can request from Tenants a total amount of one months’ rent for security deposits.
Return – The Landlord must return all deposits to Tenants within 14 days of the lease end date.
Source: § 7-108-1-a(a)
Paying Rent
Grace Period – There’s a five (5) day grace period in New York.
Maximum Late Fee – The maximum late fee Landlords can charge Tenants is 5% of the total rent payment for the period or $50. Must choose the amount that is less.
Source: § 238-A(2)
Landlord Entry
Landlords typically give their Tenants a notice of at lease 24-hours (1 day) before entering the rented premises for any non-emergency purpose.
Source: § 25-101(a)(3)