Rental Agreement Template New York

RESIDENTIAL LEASE AGREEMENT (NEW YORK)

DOCUMENT CONTROL BLOCK

• Document ID: NY-RES-LEASE-2023-V1
• Version: 1.4
• Effective Date: [Date]
• Jurisdiction: State of New York (Real Property Law)
• Compliance Standard: New York Housing Stability and Tenant Protection Act (HSTPA) of 2019 & NYC Rent Stabilization Code (if applicable)

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PARTIES

• Landlord: [Landlord Legal Name/Entity], having a principal place of business at [Landlord Address] ("Landlord").
• Tenant: [Tenant Full Legal Name(s)] ("Tenant").

PREMISES

• Property Address: [Street Address, Unit Number], [City], NY [Zip Code].
• Premises Description: Residential apartment designated as Unit [Unit Number] in the building located at [Building Name, if applicable].

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SECTION 1: TERM

1. Lease Term: The term of this Lease shall commence on [Start Date] ("Commencement Date") and end on [End Date] ("Expiration Date"), unless sooner terminated pursuant to the terms hereof or applicable New York law.
2. Holding Over: If Tenant remains in possession of the Premises after the expiration of this Lease without the execution of a new lease, Tenant shall be a tenant-at-sufferance subject to statutory removal proceedings and liable for use and occupancy damages as permitted under New York Real Property Actions and Proceedings Law (RPAPL).

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SECTION 2: RENT AND FINANCIAL OBLIGATIONS

1. Monthly Rent: Tenant agrees to pay to Landlord as base rent the sum of $[Amount] per month, due and payable in advance on or before the first (1st) day of each calendar month.
2. Payment Instructions: Rent shall be paid via [Payment Method, e.g., Electronic Portal / ACH / Check made payable to Landlord Entity] at the designated address.
3. Grace Period & Late Fees: Pursuant to New York Real Property Law (RPL) § 238-a, no late fee may be assessed until rent is in arrears for at least five (5) days. Any late fee shall not exceed $50.00 or five percent (5%) of the monthly rent, whichever is less.
4. Returned Check Fee: In the event any check or electronic payment is dishonored, Tenant shall pay a returned payment fee not to exceed $20.00 (or actual bank fees incurred, whichever is lower, pursuant to RPL § 238-a).

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SECTION 3: SECURITY DEPOSIT

1. Amount: Upon execution of this Lease, Tenant shall deposit with Landlord the sum of $[Amount] (not to exceed one (1) month's rent pursuant to HSTPA 2019) as security for the faithful performance of Tenant's obligations.
2. Depository Bank: The security deposit shall be held in an interest-bearing account at [Name of Banking Institution], located at [Bank Address].
3. Interest & Deductions: Interest earned, minus statutory administrative fees (1% per annum), shall be payable to Tenant annually or applied to rent. Within 14 days of Tenant vacating the Premises, Landlord shall return the security deposit, itemizing any lawful deductions for unpaid rent, damage beyond normal wear and tear, or breach of lease.

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SECTION 4: REQUIRED NEW YORK STATUTORY NOTICES & RIDERS

1. Bed Bug Infestation History: Pursuant to NYC Administrative Code § 27-2018.1, Landlord confirms that a bed bug infestation history notice has been provided to Tenant as an attached rider, detailing the filing history for the past year.
2. Window Guards Notice: Pursuant to NYC Health Code § 131.15, Tenant must complete and return the Window Guard Questionnaire attached hereto. Window guards are required if children under the age of 10 reside in the apartment.
3. Lead-Based Paint Disclosure: For housing built prior to 1978, the federal Lead-Based Paint Disclosure Form and EPA pamphlet are attached and incorporated herein.
4. Notice of Rent Increase / Renewal Rights: Landlord shall provide written notice of non-renewal or rent increase greater than 5% pursuant to the mandatory notice timelines established by RPL § 226-c based on Tenant’s length of occupancy.

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SECTION 5: UTILITIES AND SERVICES

1. Landlord Provided: Landlord shall provide cold and hot water, and building structural maintenance.
2. Tenant Provided: Tenant shall directly pay for all other utilities, including electricity, gas, internet, and cable, and shall establish accounts in Tenant's name prior to the Commencement Date.

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SECTION 6: USE AND OCCUPANCY

1. Permitted Use: The Premises shall be used strictly as a private residential dwelling for Tenant and the following authorized occupants only: [List Occupant Names].
2. Subletting and Assignment: Pursuant to RPL § 226-b, Tenant shall not sublet or assign this Lease without the prior written consent of Landlord, which consent shall not be unreasonably withheld, subject to the procedures outlined in New York law.

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SECTION 7: MAINTENANCE, REPAIRS, AND DEFAULT

1. Warranty of Habitability: Landlord covenants to maintain the Premises in a habitable condition in compliance with the New York City Housing Maintenance Code and Multiple Dwelling Law.
2. Tenant Duty of Care: Tenant shall maintain the Premises in a clean, safe condition and shall immediately notify Landlord of any required structural repairs, leaks, or mold conditions.
3. Default by Tenant: If Tenant fails to pay rent within the grace period or breaches any material covenant of this Lease, Landlord may issue statutory notices (e.g., 14-day rent demand or 10-day notice to cure) pursuant to RPAPL § 711 before commencing summary proceedings.

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SECTION 8: MISCELLANEOUS PROVISIONS

1. Governing Law: This Lease shall be governed by, construed, and enforced in accordance with the laws of the State of New York.
2. Entire Agreement: This document, including all attached statutory riders, constitutes the entire agreement between Landlord and Tenant and may only be modified by a writing signed by both parties.

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EXECUTION BLOCK

IN WITNESS WHEREOF, the parties have executed this Residential Lease Agreement as of the date first written above.

LANDLORD: Signature: _________________________________
Printed Name: [Landlord / Authorized Agent]
Date: _________________

TENANT: Signature: _________________________________
Printed Name: [Tenant Name]
Date: _________________

Signature: _________________________________
Printed Name: [Co-Tenant Name, if applicable]
Date: _________________