A residential lease is an agreement or contract between a landlord and tenant that outlines the terms and conditions for use of the rental property for housing purposes. These residential lease agreements will usually include the parties to the agreement, the period or term in months or years of the lease, start and end date, rental amount, security deposit and other important terms and conditions both parties must follow.
Also, the type of residential property will determine what provisions and other documents should be included with the lease like the ETPA lease addendum for rent regulated properties. To find out more about rent regulated property, click HERE or to find out more about unregulated property, click HERE. It is critical to have an understanding of your rights as a landlord and the tenant’s rights before signing a lease.
Before entering into a lease agreement with a tenant, it is important that the landlord performs his/her own research on the tenant; however, there are laws that govern this process and prevents landlords from asking for certain information or collecting specific documents.
It is critical to have an understanding of your rights as a landlord before signing a residential lease agreement. Let us help you. Our firm has over 20 years of experience drafting and negotiating residential lease agreements and helping landlords investigate prospective tenants in accordance with the law. Call us today at (914) 965-1011 to get started in obtaining assistance with your prospective tenancy.