About the author:

Daniel H. Weberman, The Kabinet Founder – Terry I. Weberman, The Kabinet CPA

Daniel is an attorney and the founder of Kabinet. He is always here to help answer your home ownership questions as well as anything related to using your Kabinet app. Ask Daniel a question by sending an email to info@kabinet.com and put “Daniel” in the subject line. This is a complimentary service as part of Kabinet’s commitment to you! Terry is a Certified Public Accountant in the New York Metro area with experience working with businesses and individuals across all backgrounds. He writes articles for the Kabinet blog and is here to help you on your home ownership and/or investing journey. Ask Terry a question by sending an email to info@kabinet.com and put “Terry CPA” in the subject line. This is a complimentary service as part of Kabinet’s commitment to you!

Introduction

Renting an apartment or house in New York can be a daunting task. There are numerous laws and regulations that govern the rental process that must be followed. In this blog post, we will discuss the basics of the rental laws in New York, as well as provide resources for further information.

Security Deposits

When renting a property in New York, tenants are typically required to pay a security deposit. This deposit is held by the landlord and is intended to cover any potential damages that may arise during the tenancy. The amount of the security deposit is dependent on the terms of the lease agreement, but it cannot exceed the equivalent of one-month’s rent.

Rent Increases

In New York, landlords must provide tenants with written notice of any proposed rent increase at least 30 days in advance. Rent increases are subject to certain restrictions, and cannot be higher than the amount stated in the lease agreement.

Evictions

In New York, there are certain grounds for eviction, such as nonpayment of rent, that must be met before a landlord can proceed with the eviction process. The landlord must provide the tenant with written notice of the eviction and the tenant must be given an opportunity to contest the eviction.

Resources

Conclusion

Renting a property in New York is a complex process that requires knowledge of the laws and regulations that govern the process. We hope this blog post has provided a basic overview of the rental laws in New York, as well as useful resources for further information.

Note

Daniel, The Kabinet Founder, has made every effort to ensure the accuracy of the information within this article was correct at time of publication. He does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from accident, negligence, or any other cause. Speak to your advisor to make sure you qualify for such benefits or opportunities. Do not rely solely on this abbreviated article, it is for informational purposes only. Terry, The Kabinet CPA, has made every effort to ensure the accuracy of the information within this article was correct at time of publication. He does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from accident, negligence, or any other cause. Speak to your advisor to make sure you qualify for such benefits or opportunities. Do not rely solely on this abbreviated article, it is for informational purposes only.