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When you sign the New York rental lease agreement, it’s seals the terms and conditions for your new rental. Once both parties sign, you’re all set to start your lease on the agreed-upon date. Some disclosures are only required in NYC, not the entire state of New York.
Rental Application Form – This application form is used to check Tenant(s) credibility.
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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↗
Landlords Required Disclosures to Tenants
- Allergen Hazards Disclosure↗ (NYC Only)
- Bedbug Infestation Disclosure Form↗ (NYC Only)
- Building Smoking Policy Disclosure (NYC Only)
- Certificate of Occupancy↗
- Flood Disclosure↗
- Lead-Based Paint Disclosure Form↗
- Security Deposit Receipt↗
- Sprinkler System Disclosure↗
- Stove Knob Covers Disclosure↗ (NYC Only)
- Window Guard Disclosure↗ (NYC Only)
Security Deposit Requirements
Maximum – Up to one (1) months’ rent.
Return – Within 14 days of the lease end date.
Source: § 7-108-1-a(a)↗
Late Rent Fees
Grace Period – Five (5) day
Maximum Late Fee – Five percent (5%) of the total monthly payment or $50 (choose the amount that is less).
Source: § 238-A(2)↗
Landlord Property Access
General Access – At lease 24-hours (1 day) before entering the rental property.
Source: § 25-101(a)(3)↗
New York Standard Rental Lease Agreement Form Example
