The New York Condominium Lease Agreement Form is a legal document drawn between the owner of a condominium and a selected tenant. The document will provide language that will define the terms and conditions of the rental of the condominium. This document could be comparable to the terms and conditions of a residential agreement however, this document also addresses issues that are specific to the rental of a condominium, involving the landlord’s responsibility to be certain that the tenant adheres to the community’s Home Owner’s Association, and the landlord’s obligation to ensure monthly payments as if they were living in it themselves. The purpose of this particular rental document is to clarify the terms and conditions of the lease agreement with regard to the condominium and its community. The document should be read entirely.
If any of the document is remotely confusing, you may wish to review the document with a knowledgeable attorney that you, as tenants, would select to ensure the tenant’s understanding and protection.
Laws – Article 7: (Landlord and Tenant)
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)
