The NYC Standard Form of Condominium Apartment Lease is REBNY’s template for individual condo unit owners renting out their apartments, and completing it correctly means three things: getting the lease terms right under New York law, attaching every required disclosure, and assembling a board package the management company will actually accept. You can buy and fill out the form through REBNY’s NYC Lease platform for $9 per lease ($7 for REBNY members), or pick up a paper copy from legal stationery suppliers like Blumberg.1REBNY. REBNY Launches NYC Lease, A New, Trusted Site for Lease Forms This guide walks through the clauses that matter, the paperwork that must travel with the lease, and the board-review step that distinguishes a condo rental from any other apartment lease.
Where to Get the Form
REBNY’s platform at nyclease.com lets you create the lease digitally, filling in fields and generating a print-ready document.1REBNY. REBNY Launches NYC Lease, A New, Trusted Site for Lease Forms Blumberg stocks paper versions through office supply retailers and its own website. The document you want is titled “Lease by a Condominium Unit Owner.” Don’t confuse it with the standard apartment lease or the co-op sublease form; they contain different clauses and trigger different board requirements. Most NYC management companies and real estate attorneys expect the REBNY version, and submitting an off-brand template invites delays during board review.
Parties, Term, and Rent
The lease identifies two parties: the Lessor (the unit owner) and the Lessee (the tenant). Both names must match government-issued identification exactly. A mismatch creates problems during board review and can complicate enforcement later. Enter the specific unit number and the building’s street address as it appears in city property records, not the informal address the building uses for mail.
The Term clause sets the exact start and end dates. Most NYC condo leases run one or two years, though the form accommodates any length the parties agree on. The Rent section states the monthly amount, the due date (typically the first of each month), and acceptable payment methods. Be specific. “Check or electronic transfer” is clearer than leaving it open, and some buildings require payments through their own portal.
Security Deposit Rules
New York law caps the security deposit at one month’s rent for all residential rentals, with no exceptions for high-value units.2Division of Housing and Community Renewal. Renting an Apartment – Security Deposits and Other Charges The owner must hold that deposit in a banking organization located within New York State and notify the tenant in writing of the bank’s name and address and the amount deposited. For buildings with six or more units, the account must be interest-bearing; the owner may keep one percent per year as an administrative fee, and the remaining interest belongs to the tenant.3New York State Senate. New York General Obligations Law 7-103 – Money Deposited or Advanced for Use or Rental of Real Property Record the bank name and account details in the lease or an attached rider so this obligation is documented from the start.
Use of Premises and House Rules
The Use of Premises clause limits occupancy to residential purposes. Running a business that generates foot traffic, noise, or deliveries will almost certainly violate both the lease and the condominium bylaws. Because the unit sits within a shared ownership community, the lease incorporates the building’s Declaration, Bylaws, and House Rules by reference. The tenant is bound by the same restrictions as the owner on noise, common area use, pets, renovations, and guest policies. Attach a copy of the House Rules to the lease so the tenant cannot later claim ignorance.
The lease also addresses the owner’s obligation to keep paying common charges and property taxes. If the owner falls behind, New York law allows the condominium association to demand that the tenant pay rent directly to the association until the arrears are cleared. Both parties should understand this going in.
Disclosures and Riders That Must Be Attached
A signed lease without the required disclosures is incomplete and may not hold up in an eviction proceeding. Four documents must be provided to the tenant at or before signing.
- Lead-Based Paint Disclosure. Federal law requires this for any housing built before 1978. The owner must disclose any known lead-based paint hazards, provide available inspection reports, and give the tenant the EPA pamphlet “Protect Your Family From Lead in Your Home.” Both parties sign a disclosure form confirming this was done.4eCFR. 24 CFR Part 35 Subpart A – Disclosure of Known Lead-Based Paint Hazards
- Bed Bug Disclosure. Under the NYC Housing Maintenance Code, the owner must provide written notice of the building’s and the apartment’s bed bug infestation history for the past year, including whether eradication measures were taken.5Division of Housing and Community Renewal. Notice to Tenant Disclosure of Bedbug Infestation History
- Sprinkler System Notice. Every residential lease in New York must include a conspicuous, bold-face notice stating whether the unit has a maintained and operative sprinkler system. If it does, the notice must include the last date of maintenance and inspection.6New York State Senate. New York Real Property Law 231-A – Sprinkler System Notice in Residential Leases
- Indoor Allergen Hazard Notice. For buildings with three or more apartments, Local Law 55 of 2018 requires the owner to provide a fact sheet on indoor allergens (mold, mice, cockroaches, rats) and a notice of the owner’s responsibilities. This must accompany each tenant’s lease.7NYC Housing Preservation and Development. Indoor Allergen Hazards (Mold, Mice, Roaches and Rats)
Missing disclosures can result in fines and may undermine an eviction case if the owner later needs to enforce the lease. The management company checks for completeness during board review, so assembling everything upfront saves time.
Warranty of Habitability
New York Real Property Law Section 235-b writes an implied warranty of habitability into every residential lease, including condo leases, whether the form mentions it or not. The owner warrants that the apartment and shared common areas are fit for human habitation and free from conditions dangerous to life, health, or safety. Any lease clause attempting to waive this warranty is void.8New York State Senate. New York Real Property Law 235-B – Warranty of Habitability
In practice, this means the owner must maintain working plumbing, heat, hot water, and electrical systems, and address pest infestations the tenant did not cause. The warranty runs between the owner and the tenant. Owners sometimes assume the condominium association handles everything, but the tenant’s legal claim is against the owner, not the building.
Assembling the Board Package
Once both parties sign the lease, you compile a board package for the condominium’s management company. The board uses this package to decide whether to exercise or waive its Right of First Refusal. A typical package includes:
- The signed lease with all riders and disclosures attached
- REBNY Financial Statement completed by the applicant
- Tax returns for the past two to three years
- Bank statements covering the most recent two to six months
- Employment verification letter confirming income
- Personal and professional reference letters (usually one to three of each)
- Landlord reference letter from a prior landlord
- Credit check authorization signed by the applicant
- House Rules acknowledgment signed by the applicant
Each building’s management company may add requirements, such as a pet rider, an emergency contact form, or a fire safety acknowledgment. Check with the managing agent before submitting. An incomplete package is the most common reason for delays, and some buildings will not begin their review clock until everything is in.
Fees
The owner can charge the prospective tenant no more than $20 for a credit and background check, or the actual cost if lower, and must provide a copy of the results along with the receipt from the service that ran the check.9New York State Senate. New York Real Property Law 238-A That $20 cap applies to fees charged by the landlord, meaning the unit owner or their agent.
The condominium board’s own processing fees are separate. New York’s Department of State has indicated that fees charged by a co-op or condo board, as opposed to fees charged by the unit owner, are not subject to the same statutory cap. Board application and processing fees vary widely and can run from a few hundred dollars to over $1,000, and are typically non-refundable. Move-in and move-out deposits, intended to cover potential damage to common areas during the move, are charged on top of the processing fee and are usually refundable if no damage occurs. Ask the management company for a written fee schedule before submitting.
Broker Fees Under the FARE Act
NYC’s Fairness in Apartment Rental Expenses (FARE) Act, which took effect in 2025, shifted broker fees away from tenants. If the landlord (or unit owner) engaged the broker or permitted the broker to advertise the listing, the owner is responsible for paying the broker’s commission. The tenant cannot be required to hire or pay a broker as a condition of renting. Violations carry civil penalties of up to $1,000 for a first offense and $2,000 for each subsequent offense within two years.
Right of First Refusal and Board Review
The Right of First Refusal is the mechanism that distinguishes condo rentals from ordinary apartment leases. When a unit owner presents a signed lease, the board can either waive the right, allowing the tenancy to proceed, or exercise it by stepping in to lease the unit on the same terms the prospective tenant agreed to. Boards almost always waive. The right exists primarily as a screening tool: by reserving the option to match the deal, the board retains authority to review each applicant.
Timing depends on the building’s meeting schedule and how quickly the management company processes the package. Expect roughly two to four weeks from submission to decision, though buildings with monthly board meetings can take longer. During this window, the tenant should not move in or make nonrefundable arrangements. Until the waiver letter is issued, the lease is not fully authorized.
Criminal Background Check Limits
NYC’s Fair Chance for Housing Act (Local Law 24), effective since January 1, 2025, restricts how condo boards use criminal history. A board cannot run a criminal background check until it has given the applicant a conditional acceptance and a copy of the proposed lease. Even then, the board can only consider a narrow range of history: convictions requiring sex offender registration, misdemeanor convictions within three years of sentencing or release, and felony convictions within five years of sentencing or release. Older convictions, sealed records, pending charges with an adjournment in contemplation of dismissal, and youthful offender adjudications are off-limits.
If a board rescinds a conditional acceptance based on criminal history, it must provide the applicant with all the criminal history information it gathered, give the applicant at least five business days to submit corrections or mitigating information, conduct an individualized assessment, and issue a written explanation connecting the history to a legitimate business interest. Boards that prefer not to navigate this process can choose not to conduct criminal background checks at all; the law provides a liability shield for that choice.
Default and Eviction Grounds
The lease spells out what counts as a default: failing to pay rent, violating the use-of-premises restrictions, or breaching the building’s rules. If a default occurs, the owner’s path to removing the tenant runs through New York Real Property Actions and Proceedings Law Section 711. Common grounds include holding over after the lease expires without permission, failing to pay rent after receiving a written demand with at least fourteen days’ notice, and using the premises for illegal purposes.10New York State Senate. New York Real Property Actions and Proceedings Code 711 – Grounds Where Landlord-Tenant Relationship Exists
Eviction in New York City requires a special proceeding. No tenant can be removed except through that formal process. Self-help evictions, such as changing locks or shutting off utilities, are illegal regardless of what the lease says. If a default occurs, consult a real estate attorney before sending any notices. A procedural misstep in the demand letter or the timing of service can derail the entire case.
After the Lease Is Approved
Once the board issues its waiver, the tenant coordinates the move-in date with the building’s management office. Most buildings require advance scheduling for elevator use and loading dock access, and some charge a refundable move-in deposit. The management company will provide the key fob, mailbox key, and any access credentials.
Retain a fully executed copy of the lease, all signed disclosures, the board’s waiver letter, and proof that the security deposit was placed in the proper account. These documents matter if any dispute arises during or after the tenancy. For tax purposes, condo owners who rent their units report rental income and deductible expenses on Schedule E of their federal return.11Internal Revenue Service. About Schedule E (Form 1040), Supplemental Income and Loss Common deductions include common charges, property taxes, depreciation, insurance, and repair costs; IRS Publication 527 covers the details for residential rental properties.