New York Condominium Lease Agreement

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The New York condominium lease agreement is a legal document drawn between the owner of a condominium and a prospective tenant. The document will provide language that will define the terms and conditions of the rental of the condominium. Before signing, the landlord will usually verify the prospective tenant’s credit and income through a rental application.

Laws – Article 7: (Landlord and Tenant)

HandbooksNew York Tenants’ Rights Guide & Tenant Protection Act of 2019 Guide

Required Disclosures

How To Write

Step 1 – Premises – Enter the following:

  • Premises Address
  • Unit Number or Letter
  • Condominium Association
  • Garage Space
  • Garage Fee
  • Name of Landlord
  • Name of Tenant(s)

Step 2 – Additional Information- Enter

  • Date of the lease
  • Annual Rent amount
  • Lease Term
  • Monthly rental amount
  • Commencement date of the lease mm/dd/yyyy
  • Security Deposit Amount
  • Termination Date

Step 3 – Titled Sections – The tenant should carefully read and review all of the titled sections as follows, prior to signing the document :

  • Use and Occupancy
  • Inability to Give Possession
  • Rent
  • Condition of Unit
  • Security
  • Services and Utilities
  • Furnishings
  • Repairs and Alterations
  • Maintenance of Unit
  • Pets
  • Damage, Fire or Other Catastrophe
  • Liability
  • Insurance
  • Entry
  • Assigning or Subletting
  • Subordination
  • Landlord’s Consent
  • Keys, Locks
  • Signs
  • Tenant’s Defaults, Landlord’s Remedies
  • Condemnation
  • Bankruptcy
  • Notices
  • Waiver of Jury Trial- Set-Off or Counterclaim
  • Inability of Landlord to Perform
  • Illegality
  • Non-Disturbance
  • Non-Waiver
  • Rules
  • Limitation of Recovery
  • Construction and Demolition
  • Terraces and Balconies
  • Common Recreational Areas
  • Parties Bound
  • Paragraph Headings
  • Effectiveness
  • Entire Agreement
  • Amendments
  • Riders
  • Garage Space
  • Definitions
  • Surrender of Unit
  • Voting Rights
  • Sale of Unit

Step 4 – Signatures –

Landlord –

  • Provide Signature(s)

Tenant

  • Provide Signature(s)