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What should be included in a New York lease?
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What should be included in a New York lease?

On Behalf of | Jul 5, 2024 | Landlord/Tenant Law |

A lease is an agreement between landlords and tenants. Not only does a lease establish the conditions of a tenant’s use of a property but it can also clarify expectations and responsibilities for both landlords and tenants. 

If there is a dispute between the landlord and tenant, then a lease may be an important document to resolve the issue. To help ensure a lease is clear, it should include the following details:

Names of occupants and landlord

The lease should be clear about who the landlord of a property is and who intends to rent the property. The lease may need to clarify how many people are intending to rent the property. Landlords often do this to prevent tenants from renting out a property themselves or allowing unauthorized occupants to overstay their welcome. 

Length of the lease and renewal options

The lease can include how long the tenant can live in a property. Some leases are month-to-month, which are renewed each consecutive month. Other leases may go for a year, which the tenant may renew after the one-year mark.

Rent amount, payment date and security deposit

The lease should clarify how much the tenant must pay each month. The tenant should also know when they are expected to pay their rent. Many landlords also require tenants to pay a security deposit with clarification that they will return it if the apartment is not damaged during the time of the tenant’s occupancy. Some additional fees may include utilities, parking and pet deposits. 

Termination and eviction policies

An important part of a lease can include what a tenant must do if they wish to terminate their lease and reasons why the landlord may evict the tenant. Termination or eviction is often a topic of dispute.

Landlords and tenants can benefit from reaching out for legal guidance to discuss a lease. Legal help is available for landlord and tenant disputes.