The process of signing a lease agreement can be a complicated and harrowing process, particularly when the lease is in New York. From knowing the different additional clauses and rules applicable in New York State to understanding the New York Rent Laws, lease agreements can be complex and difficult to understand—especially if you're new to the market.

UpCounsel, a marketplace for attorney and legal services, can supply experienced attorneys to help you understand the finer points of your lease agreement. UpCounsel's network of business attorneys has an average of 14 years of experience and their profiles provide feedback and ratings based on recent work.

In this article, we'll take a closer look at some of the most frequently asked questions and regulations related to lease agreements in New York.

What Is a Lease Agreement?

A lease agreement is a legal document that outlines the terms of a tenancy between a landlord and a tenant. This agreement can encompass everything from rent payments and late fees to what types of renovations a tenant can make on the property. A lease agreement may last anywhere from a few months to multiple years, and may be ended early by either party under certain conditions.

What Laws Govern Lease Agreements in New York?

The primary law governing lease agreements in New York is the New York Rent Laws, also referred to as the Rental Housing Reform Act or the Rental Reform Act of 2019. The act contains a number of regulations that govern leases, including:

• Limits on security deposits

• Laws against renting uninhabitable units

• Clear deadlines for when a tenant must receive a security deposit refund

• Laws regarding rent increases

• Laws regarding lead paint

• Laws regarding the tenant's right to sublet

• Language on discriminatory rental practices

How Can I Find a Lawyer to Help With My Lease Agreement?

UpCounsel's marketplace of experienced business lawyers can provide invaluable support with understanding the finer points of your lease agreement in New York. From providing clarity on clauses and regulations to understanding the New York Rent Laws, UpCounsel's business attorneys are here to provide you with quality advice and cost-effective legal services.

What Additional Clauses and Rules Should I Be Aware of in a New York Lease Agreement?

Depending on the property, a New York lease agreement may contain additional clauses and rules that a tenant needs to be aware of. These rules can include:

• Assignment – A clause that states when and how a tenant is allowed to assign or transfer the lease to another tenant.

• Subletting – Rules regarding when and how a tenant can sublet the property.

• Guests & Pets – Any restrictions on the number of guests a tenant can have, or the type of pet they can keep.

• Rent Increases – Requirements for when and how much a landlord can increase the rent.

• Penalties for Late Payments – Rules regarding late rental payments and late fees.

• Renovations & Maintenance – Rules regarding what types of renovations a tenant can or cannot make on the property.

What Rights Does the Tenant Have Under New York Laws?

The New York Rent Laws grant a number of rights to tenants, these include:

• The right to a habitable unit – Under the New York Rent Laws, the landlord has an obligation to maintain the unit in a habitable condition. This includes keeping the property in good repair and providing access to all essential services.

• The right to a security deposit refund – The tenant is entitled to the return of their security deposit, minus any deductions, within 14 days of vacating the property.

• The right to privacy – The landlord is not allowed to enter the tenant's home without the tenant's permission, unless it is in an emergency or for maintenance.

• The right to a written lease – The landlord is required to provide the tenant with a written lease that clearly states the terms of the rental agreement.

What Rights Does the Landlord Have Under New York Laws?

New York Rent Laws grant a number of rights to landlords as well. These include:

• The right to a livable rent – The landlord has the right to charge a rent that reflects the value of their property and is in accordance with other rental rates in the neighbourhood.

• The right to inspect the property – The landlord may enter the premises for normal maintenance, to inspect the condition of the property, or in an emergency.

• The right of eviction – The landlord has the right to evict the tenant if the tenant fails to pay the rent or comply with any of the conditions in the rental agreement.

Lastly

Lease agreements in New York can be complex and difficult to understand. From understanding the different laws and regulations related to the lease to additional clauses and rules that may be included, it can be difficult to know what to look for.

At UpCounsel, our experienced attorneys have the knowledge and expertise to help you make sure you understand your lease agreement and avoid any surprises. From small businesses to the Fortune 1000, UpCounsel's network of attorneys can provide high quality, cost-effective legal services.

Topics:

Lease Agreement,

Regulations,

New York