Reviewing Leases Laws With Real Estate Lawyers In Glen Cove, NY

In New York, rental property laws protect the rights of landlords and tenants alike. New York State Statute 2105.5 explains all provisions for offering rental properties to tenants as well as eviction laws. All landlords must follow the laws or face potential penalties. Real Estate Lawyers Glen Cove NY explain the laws in further detail for rental property owners and tenants.

Provisions for Leases and Rental Agreements

According to state laws, the landlord drafts leases and rental agreements that inform the tenant of their responsibilities. The agreement defines the exact value of the rent in addition to the security deposit. The state laws impose limitations on security deposits and prevent the landlord from charging more than the total value of one month’s rent.

The landlord cannot participate in discriminatory actions when leasing the property. Primarily, the laws stop the landlord from discriminating against tenants based on marital status or sexual orientation. Additional laws prevent discrimination against prospective tenants based on race, religion, or gender.

However, landlords have the right to deny access to properties based on criminal histories or a poor credit rating. Another exception to the rule is properties that are exclusive to seniors or single parents. Real Estate Lawyers Glen Cove NY can explain any further exceptions outlined in the state laws. Visit website for more information.

The Absence of a Rental Agreement

Typically, a lease is drafted for the first six months or year. After a six-month period, the tenant will need to sign a new lease for the next year. The tenant isn’t required to sign any additional leases to secure the property. Usually, the term of the lease will end after the first year, and the lease remains valid as long as the tenant continues to submit timely rental payments. The landlord cannot evict a tenant that continues to pay their rent on time.

In New York, state laws outline regulations for renting out residential properties, apartment complexes, and condos to local tenants. The regulations prevent possible discriminatory actions against applicants seeking a home. Tenants or landlords who need legal help contact Real Estate Lawyers at Business Name in Glen Cove NY right now.

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