Things to Know About Your New Rental BEFORE You Sign the Lease

Editor’s Note: This post first originally appeared on Mary in Manhattan. Click here to view the original post.

After spending who knows how many hours tracking down listings and hitting the pavement, you’ve FINALLY found a great new rental! Woo hoo!

But wait just a second…

Before you sign the lease, be sure you’re clear on all the important points below.

IMPORTANT NOTE – This is NOT nor is it intended to be legal advice! If you have any questions about your lease, consult a real estate attorney!!!

1. New Rent Law Changes

First and foremost – be in the know about the recent changes to New York state’s rent laws. They don’t just apply to rent regulated apartments – some changes apply to market rate apartments too! For example, one super important change is that security deposits must now be returned within 14 days, as opposed to 60 days. You can learn more about them here.

2. Start Date, End Date and Price

These should be no brainers, but be sure you’re clear on all these points to avoid any issues or confusion down the road.

3. Renewal or Non-Renewal Notice

Take note of when you have to let your landlord know if you’re staying or leaving. If you give notice too late, you might be on the hook for extra fees. Yikes!

4. Pet Policies

Read all the rules about having your fur baby to make sure you don’t land in hot water later. And even if you don’t have a pet now, take a look just in case you change your mind later on.

5. Alterations and Changes

Don’t assume that because something isn’t “heavy duty” construction that you can just do it. Be sure you understand what you can and can’t change in the apartment. It’s generally best to err on the side of caution and ask your landlord before you do anything. Yes, even painting.

6. Apartment Maintenance

Lots of things will be your landlord’s responsibility but others will be yours. For example, did you know that when you have private outdoor space, many landlords will require you to keep the drains clear? Yep. Take the time to understand what you’re responsible for maintaining!

7. Repair Requests

Ask your landlord how repair requests will be handled. Do they have an online system? Do you need to send an email? Is the building super live-in or off premises? You don’t want to end up with an overflowing toilet and no idea who you should call!

8. Move Out Procedures

Each landlord has their own requirements for what a tenant has to do when they move out. Be sure you’re clear on what’s expected of you so you can get your security deposit back.

9. Apartment Showings

Towards the end of your lease, your landlord will want to have access to your apartment so it can be shown to prospective renters. Sometimes they want access during the last 60 days. Sometimes they want access during the last four months. Sometimes they only want access during normal business hours and a few hours on the weekend. And other times, they want you to grant access as long as they give you 24 hours’ notice. Make sure you understand what’s expected of you – otherwise, you could be looking at additional fees for not granting access for showings!

10. Building and Apartment Restriction

Don’t assume that just because it’s your apartment that you can do whatever you want. Check to see if your landlord has things like (but not limited to) smoking restrictions, visitor and/or overnight guest restrictions, storage restrictions and restricted roof access.

Interested in getting more tips about New York City rentals? Get my FREE renter’s guide when you sign up for my email list! Click here to get it.



Sign up for my newsletter

Get my NYC First Time Home Buyer Guide FREE when you sign up for my monthly newsletter

Subscription Form

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.

Related Posts

Top NYC Real Estate News April 2024

Read more

How Much Does It Cost to Own a 3 Bedroom in NYC? (May 2024)

Read more

NYC Real Estate Market Update Q1 2024 – Manhattan & Brooklyn

Read more

NYC Rental Market Update March 2024

Read more

March 2024 NYC Monthly Sales Market Update

Read more

Downsizing or Upsizing? Here’s How to Coordinate Your NYC Move

Read more

Top NYC Real Estate News March 2024

Read more

How Much Does It Cost to Own a 2 Bedroom in NYC? (March 2024)

Read more