Archive | www.nysar.com
Follow Usfacebook Twitter Linked IN

Sprinkler disclosure for residential leases goes into effect on December 3, 2014


Print Print this Article | Send to Colleague

On December 3, 2014, a new law requiring that the presence of, and maintenance of, residential sprinkler systems be disclosed on all residential leases in New York. The text of the new law can be found in Real Property Law §231-A. Section 1 of the law requires every residential lease to contain a "conspicuous notice in bold face type as to the existence or non-existence of a maintained and operative sprinkler system in the leased premises." Section 3 of the law further requires that "if there is a maintained and operative sprinkler system in the leased premises, the residential lease agreement shall provide further notice as to the last date of maintenance and inspection." Since there is no exception for proprietary leases in a cooperative, they, too, fall under the requirement. 

Click here for more information.
 

Share Share on Facebook Share on Twitter Share on LinkedIn

Realty Institute
NY State MLS
Sprint
Real Pro Systems
Follow us:
Face-Book Twitter Linked In
NEW YORK STATE ASSOCIATION OF REALTORS ® INC.
130 Washington Avenue
Albany, NY 12210-2220
518.463.0300
nysar.com