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The document is a New York Residential Lease Agreement between a landlord and tenant, outlining the terms of the lease including occupancy, rent payments, security deposit, tenant and landlord obligations, breach consequences, and provisions regarding utilities and notices. It emphasizes the responsibilities of both parties and includes legal disclosures such as lead-based paint information for properties built before 1978.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does a landlord have to give a reason for not renewing a lease in NY?

Assuming you are not living in a rent regulated unit, your landlord is not legally required to provide reasoning as to why they do not wish to renew your lease. However, this non-renewal cannot be for any discriminatory purposes against you or anyone living in the unit.

Which type of lease is usually used for residential property?

The most common type of lease contract in residential real estate is Gross Lease. In a gross lease, the tenant pays a fixed amount of rent, and the landlord is responsible for paying all the expenses associated with the property, including property taxes, insurance, and maintenance costs.

Is there a standard New York lease agreement?

A New York standard residential lease agreement is a form that allows a landlord and tenant to enter into a legally binding arrangement for leasing residential space. The term standard means a fixed term that usually lasts one year.

What are the average lease terms?

The most common lease terms are for one year or two years. Short term leases are usually three-month or six-month terms.

What is the minimum lease term in NYC?

Specifically: If a tenant has occupied the unit for less than one year, or does not have a lease term of at least one year, a 30-day notice is now mandatory.

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What is the most common residential lease?

A fixed-term lease is the most traditional lease. Theyre called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.

Is a verbal lease agreement valid in NY?

Leases for apartments that are not rent stabilized may be oral or written. To avoid disputes, the parties may wish to enter into a written agreement. A party must sign the lease to be bound by its terms. An oral lease for more than one year cannot be legally enforced (General Obligations Law 5-701).

Does Word have a lease agreement template?

Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.

Get the up-to-date New York Residential Rental Lease Agreement 2025 now

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How to modify New York Residential Rental Lease Agreement in PDF format online

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Got questions?

Does a landlord have to give a reason for not renewing a lease in NY?

Which type of lease is usually used for residential property?

Is there a standard New York lease agreement?

What are the average lease terms?

What is the minimum lease term in NYC?

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What is the most common residential lease?

Is a verbal lease agreement valid in NY?

Does Word have a lease agreement template?

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