Updated June 17, 2022
A New York condominium lease agreement is a legal document binding the owner of a condominium and a prospective tenant to a contract for use of the property. 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)
Handbooks – New York Tenants’ Rights Guide & Tenant Protection Act of 2019 Guide
Required Disclosures
- Allergen Hazards (NYC Admin Code § 27-2017.1) – NYC only
- Bed Bug Disclosure (NYC Admin Code § 27–2018.1) – NYC only
- Copy of Signed Lease (Tenants’ Rights Guide) – For rent-stabilized tenants only.
- Lead-Based Paint Disclosure – Statewide
- Security Deposit Receipt (§ 7-103)– Statewide
- Smoking Policy (NYC Admin Code 5, § 17-505) – NYC only
- Sprinkler Disclosure (Article 7, Section 231-A) – Statewide
- Stove Knob Covers (NYC Admin Code § 27-2046.4(a)) – NYC only
- Window Guards (NYC Admin Code § 27–2043.1) – NYC only
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)