ETPA Standard Lease Addenda for New Leases and Lease Renewals
The DHCR issued a new standard lease addendum that must be attached to all vacancy and renewal leases for rent stabilized apartments executed on October 1, 2014 or later. This requirement applies to rent stabilized apartments both inside and outside New York City, including those in Westchester County.
Typically, rent stabilized apartments are those apartments in buildings with six or more units built before January 1, 1974 whose rent is less than $2,500 per month and whose tenants are making less than $200,000 per year. Landlords who own rent stabilized units cannot charge rent above the maximum amount permitted under guidelines established annually by local rent guideline boards and are generally required to renew such leases for either one or two year terms.
The form for rent stabilized apartments in Westchester County is named RA-LR1 (ETPA) and can be found by clicking HERE.
Our firm has over 20 years of experience drafting vacancy and renewal lease agreements for rent stabilized apartments. We can review your leases and help you correctly fill out this new required addendum. Give us a call at 914-965-1011 or contact us by email at [email protected].
Typically, rent stabilized apartments are those apartments in buildings with six or more units built before January 1, 1974 whose rent is less than $2,500 per month and whose tenants are making less than $200,000 per year. Landlords who own rent stabilized units cannot charge rent above the maximum amount permitted under guidelines established annually by local rent guideline boards and are generally required to renew such leases for either one or two year terms.
The form for rent stabilized apartments in Westchester County is named RA-LR1 (ETPA) and can be found by clicking HERE.
Our firm has over 20 years of experience drafting vacancy and renewal lease agreements for rent stabilized apartments. We can review your leases and help you correctly fill out this new required addendum. Give us a call at 914-965-1011 or contact us by email at [email protected].
