New York City Lease Rider For Rent Stabilized Tenants – RA-LR1 Form complies with the New York City Rent Stabilization Law. Please enclose this rider or form RA-LR1 to your New York lease contract. In addition, you require enclosing NYC Rent-Controlled Unit Renewal Form. The Rent Stabilization Code has important considerations for a landlord and tenant in New York and the rider or form RA-LR1 has precise information about the responsibilities and rights shared for both signing parties. Following information is available in the form RA-LR1
- Directions for an increase in the rent
- Directions for collection and refund of security deposit
- Directions for tenant and landlord for subletting or assignment
- Directions for lease renewal
- Directions for eviction of a tenant in case the lease is in effect
- Information about deregulation of high income rent
The New York City Lease Rider For Rent Stabilized Tenants – RA-LR1 Form is for information purpose and New York Law mandates attaching this form to the original lease contract. In addition, it is equally suitable for landlords or landlord’s agents although it is prepared for a tenant. Please download this PDF file, furnish the requested information, and attach it to the lease agreement.
Please Remember To
Select one option from the choices A, B, C, or D and provide requested information under the selected option to comply with the status of the apartment and the last tenant requirements. The owner of the residential property or the landlord must prepare this portion of the form RA-LR1. However, the owner need not complete this portion if the rider is attached to a renewal lease. Please make sure to complete this portion of the form for a vacancy lease.