New York
Do you own a rental property in New York State? These downloadable Residential Lease Forms make it easy to show and lease your rental units to tenants. Save time with standardized forms, and save money on lawyers' fees.
Q: How much can a landlord charge for a security deposit?
A: The security deposit is generally one month's rent. If the rent increases, the landlord can collect an additional sum to bring the deposit back up to the one month level. The landlord can use the security deposit to cover unpaid rent and/or the cost of repairing any damage to the unit that was caused by the tenant, over and above reasonable wear and tear.
Q: Does the landlord have to pay interest on the security deposit?
A: Yes. The landlord is entitled to keep up to 1% of the deposit to cover annual administrative expenses, but the rest of the interest belongs to the tenant. The tenant can choose to have the interest paid yearly or at the end of the lease term, or applied to the rent.
Q: When does the deposit have to be refunded?
A: The law says "within a reasonable time" following the expiration of the lease. To be on the safe side, it's a good idea to return the security deposit within 30-45 days after the tenant vacates the premises.
New York Agreement to Terminate Lease
Prepare an Agreement for Early Termination of Lease with this easy template form for New York State.
- This form is not for evictions. It can only be used when both the landlord and tenant agree to terminate the lease early.
- This Agreement is for residential tenants only. You must use a different form for commercial rental properties.
- The tenant must give written notice setting out the proposed termination date.
- The tenant agrees to pay a specified amount in order to buy out of the lease early.
- This is a downloadable legal form in MS Word format.
- Intended for use only in the State of New York.
New York Fixed Term Residential Lease Agreement
Lease a house or apartment in New York to a tenant with this Fixed Term Residential Lease Agreement.
- The lease runs for a fixed term, such as 1 year. The Lease Agreement contains standard conditions covering residential rentals such as:
- when and how the rent is to be paid;
- security deposit and late charges;
- responsibilities of each of the parties for maintenance and repairs;
- abandonment of the property by the tenant;
- assignment or subletting by the tenant;
- restrictions on pets;
- the landlord's remedies for disturbances and illegal activities by the tenant;
- the tenant's responsibility to carry renter's insurance;
- early termination of the lease.
- The form also includes a Lead Paint Disclosure form as required by federal law, and a Premises Inspection Report, to be completed by the landlord and tenant at the beginning and end of the tenancy.
- This legal contract template is downloadable and fully editable to fit your specific needs.
- Intended for use only in the State of New York.
New York Lease Co-Signer Agreement
If you are signing a lease with a tenant who is a minor (such as a student), make sure a parent or guardian of the tenant executes this New York Lease Co-signer Agreement.
- The co-signer agrees to:
- allow the landlord to run a credit check on the co-signer,
- guarantee that the tenant complies with the rental agreement,
- guarantee the payment of rent.
- This form is provided in MS Word format. It should be attached as a schedule to the lease or rental agreement.
- Intended to be used only in the State of New York.
New York Permission to Sublet or Assign Lease
Get your landlord's consent to assign your lease or sublet your rental unit for the rest of the lease term with this New York Permission Agreement to Sublet or Assign Lease.
- The new tenant must meet the landlord's requirements, and the landlord must give its written approval of the new tenant.
- The form contains clauses for either an assignment of the lease or a sublease of the premises.
- The landlord has the option to hold the existing tenant responsible for performing the tenant's obligations until the end of the lease term, or alternatively, to release the tenant from all obligations under the lease once a new tenant is approved.
- This form is available as a downloadable and fully editable MS Word template.
- Intended to be used only in the State of New York.
New York Rental Agreement for Residential Premises
Rent a New York rental property to a tenant with this Rental Agreement for Residential Premises for New York State.
- The Agreement establishes what is called a "periodic tenancy" because it runs from rental period to rental period (month to month or week to week).
- The template includes language for either monthly or weekly tenancies.
- The tenant must pay late fees if the rent is not paid on time, and a charge for any returned checks.
- The form sets out the procedure that the landlord must follow for returning the tenant's security deposit at the end of the tenancy.
- Provisions for termination by either party, in accordance with landlord-tenant laws.
- The file also contains a Lead Paint Disclosure form, as required by law.
- Also included is a Premises Condition Report to be jointly filled in by the landlord and the tenant at the beginning and the end of the tenancy.
- Available as a customizable MS Word template.
- Intended to be used only in the State of New York.
New York Residential Lease Extension
Extend the term of a tenant's lease with this New York Residential Lease Extension Agreement.
- The landlord and tenant must both agree to extend the lease term for an additional period.
- The lease cost now becomes a monthly rental payment for the duration of the extended term.
- All other provisions of the original lease which are not amended in the Extension Agreement remain the same.
- This Agreement is only for residential tenancies. For business tenants, a Renewal and Extension of Commercial Lease is required.
- This legal form template is fully editable and easy to use.
- Intended for use only in the State of New York.
New York Residential Sublease Agreement
NY tenants, sublease the property you are renting with this State of New York Sublease Agreement for residential rental units.
- The sublease requires the consent of the landlord.
- The subtenant must pay the rent, the utilities and a damage deposit.
- The subtenant must keep the premises in clean and good condition.
- The subtenant cannot assign the sublease without the consent of both the landlord and the original tenant.
- The sublease includes a Premises Inspection Report and Inventory Checklist.
- The file also includes a Co-Signer Agreement, to be used in the event that the subtenant is a minor (such as a student). This agreement would be signed by a parent or guardian, who guarantees to pay any amounts due if the tenant fails to pay.