New York renter property owners are required to comply with certain laws. These laws protect all tenants who choose to rent their property. These laws apply to how they disclose information, acquire funds received from tenants, and compliance with eviction guidelines.
What You Must Disclose
As a landlord, you disclose information about the security deposit, rental payments, and rules. These items make up the terms of your lease. It is your responsibility to keep all deposits separate from your own personal funds. You explain the full terms of the lease to your tenants to ensure that they understand what is expected of them.
Rules for Security Deposits
You have the right to deduct percentages from the deposit for property damage. You’ll need receipts for these repairs. You have a period of no longer than forty-five days to return the deposit to the tenant. If the tenant takes you to small claims court, present evidence of the property damage as well as your invoices.
Your tenant could file a formal claim for up to $5,000 in small claims court. These claims indicate that you weren’t compliant with the security deposit return laws. In these instances, your tenant could initiate a lawsuit if the funds aren’t returned to them according to your lease. To acquire Landlord Tenant Advice contact your preferred attorney now.
Withholding Rental Payments
Tenants have the right to withhold rental payments if living conditions aren’t compliant with building codes. For example, property owners who fail to perform necessary HVAC repairs are non-compliant with these requirements. The tenant is within their rights to withhold the payments until these conditions are remedied.
Issuing Eviction Notices
Rental property owners issue evictions after a term of the lease is violated. If the tenant doesn’t possess a long-term lease, the law requires the property owner to give the tenant at least ten days to vacate the premises.
All rental property owners must comply with New York state laws. A failure to comply could lead to lawsuits or court-ordered penalties. To acquire Landlord Tenant Advice, you should contact Robert S. Cutrona Esq. for more details.
