Interest – If the tenant lives in a building of at least six (6) housing units, the landlord is required to post the deposit into a remunerated account. Interest is paid to the tenant upon evacuation of the property at the end of the lease. (§ 7-103) Lease to Own Agreement – A cross between a standard lease agreement and a sales agreement. Specifies a purchase price for the rental property that the tenant can/can meet at the end of the lease agreement. The forms available here are for New York State property owners who wish to rent or lease their real estate. When renting or leasing real estate in New York State, a landlord must use a lease. The lease is best explained in New York Real Property Law article 7 § 220 – 238. For residential rentals, there are two types of rent rental and rent stabilization rules in New York State to inquire about the regulation of a dwelling, perhaps one should contact the New York State Division of Housing and Community Renewal (DHCR). Move-in Checklist – Not necessary, but recommended for any tenant who posted a bond at the time of signing the lease. A commercial lease only applies to the rental or leasing of real estate intended to be used for commercial purposes such as services, sale, manufacture or storage of goods. The rights of a commercial real estate tenant are totally different from those of a residential tenant and rights.

The rights of commercial tenants must be defined in the rental agreement between the lessor and the tenant. New York`s standard lease for residential properties allows a homeowner or real estate owner to legally rent a livable space to someone else. The tenant must pay the rent and assume responsibility for some or all of the incidental costs, a condition that will be set during the negotiations between the two parties. As soon as the landlord and tenant sign the contract, it becomes final and therefore legally binding. The tenants` rights guide can be referenced for additional information on landlord-tenant laws. The laws… Standard Lease Agreement for Residential Real Estate – Defines a mandatory contract of one (1) year long. The most used type of rental form.