Residential Leasing
Residential Lease Agreement Lawyer in NYC
Coopersmith & Coopersmith PLLC’s Approach
At Coopersmith & Coopersmith PLLC, we understand that residential leasing has become an increasingly complex and regulated area in New York State. With the passage of the Housing Stability and Tenant Protection Act in 2019, owners of residential real estates face increased burdens, even if you own a single apartment or house.
Failing to follow the law can have significant consequences including the inability to deduct from the security deposit (even if there is physical damage), not being able to increase rent by the desired amount, and the tenant being legally able to stay in the premises beyond the length of the lease. We have written extensively on this including a blog post about what happened to the owner of a $5 million property who didn’t follow the law, faced litigation and had a delayed closing. Residential leasing has become more complex with the passage of Good Cause Eviction in 2024.
The Importance of Compliance – Protecting Your Property
Residential leases have important requirements. These include disclosures such as lead paint, window guards, stove knob covers, bed bugs, disclosures, and flood history. In addition, it is important to know about local legal requirements such as short term rentals and hotel taxes.
Our firm stays current on the requirements and also helps guide owners throughout the term of the lease.
Our proprietary platform RezCue also informs owners, property managers and brokers of important deadlines so owners can stay protected and informed of their compliance requirements after the lease is executed.
Your Real Estate Legal Partners
We recognize the complexities of residential leasing in New York State, compounded by stringent state and federal laws. When you rent a property, whether it’s a long-term lease or a month-to-month agreement, it’s crucial to create a lease agreement that complies with these regulations. Our firm ensures that rental unit agreements include all necessary terms and conditions, such as disclosure forms and compliance with the Housing Stability and Tenant Protection Act.
We tailor lease agreements to protect your interests while adhering to legal standards. Our expertise helps landlords navigate the intricate legal landscape, ensuring their rental properties are managed in compliance with all applicable laws and regulations.
Helping You Find The Right Solutions
At Coopersmith & Coopersmith PLLC, we pride ourselves on being more than just attorneys; we are your partners in ensuring the legal soundness of your real estate endeavors. Whether navigating residential leases or handling complex real estate transactions, our team is dedicated to providing personalized and effective legal solutions.