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 ยง231-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.
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