New York Residential Lease Forms Compliance with New Sprinkler System Notification Requirements, Effective December 3, 2014

We will be revising all of our leases to comply with Chapter 202 of the 2014 Session Laws of New York. The legislation requires conspicuous notification in residential leases regarding the existence or non-existence of a sprinkler system in leased premises and, if a sprinkler system exists in the residence, common areas or both, the last date of maintenance and inspection. The law is broad and sweeping applying to every residential house, apartment, co-op and condo lease and sublease. The December 3, 2014 effective date leaves landlords only one month to replace their leases or to create riders for noncompliant leases.

We will add the Sprinkler System Statement within the body of the form just prior to the signature sections. Look for 12-15 dates. The forms to be revised are Cat. Nos.: Forms with letter codes are available in paper and online. (T)48, (A)53, (A)54, (A)55, (M)56, (M)57, 86, (A)101, 102, (T)186, (P)193, (T)202, 303, (T)313, (T)327, 330*, (A)495

You can use leases with dates earlier than 12-15 until December 2, 2014. We will begin to upload revised forms with 12-15 dates on or about November 1, 1014.

For or leases not published by us, will add a new form, Sprinkler Statement Rider, Long Form, 12-14 (Cat. Nos. 329 online and T329 in paper). Use this form after December 2, 2014 when you execute new leases for New York residences without sprinkler system statements.

*330 Renewal Lease was revised by the DHCR with a 9-14 date. It is available in multipart paper sets and online.