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Home › Resource Centers › Resources for Renters › Glossary of NYC Real-Estate Terms You Might See On Your Rental Lease
New tenants moving into a New York City apartment for rent must sign a Lease with the property's landlord. A NYC rental apartment Lease is a legal contract between yourself and your landlord which states that both parties agree to the terms of the property, including the amount of the monthly rent, regulations on pets, roommates, security deposit and such, as well as a fixed length of time for which you agree to the terms. The standard New York City rental apartment lease is usually for 12 or 24 months.