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Basic Rental Agreement: What You Should Know
The Lease Agreement will contain various information (like who is renting, when they will be leaving, etc.). One important aspect to a lease Agreement is whether you will be responsible for damages to the property, especially in the case of damages incurred by the tenant(s) or others. This article will address landlord responsibilities for damage to the property under New York State and New York City landlord tenant laws including the Residential Landlord and Tenant act. How To Get Legal Help If you want to read more articles like this or if you have any comments regarding this article, email your comment to us, and we will be sure to publish a reply. What is the Legal Definition of “Assignee” When it comes to leases and rental agreements the common meaning of the word assignee is: a person or entity that is given the rights and obligations of a tenant (i.e. renter). However, it also describes a person or entity that is under a legal lease that is valid for a certain length of time (i.e. a year, a month, etc.). Why Is Landlord Obligated Pursue a Lease to Protect a Tenant? Landlords who do not protect their tenants from damage or loss when the tenant violates the rental agreement face potential eviction. The law considers an unsecured lease as a lease for life because the tenant may become incapacitated, or in the event of death, a tenant's last will contains provisions for disposal of the property, and the remaining tenancy term is a life lease. In order to protect the tenant the landlord must hold the property for a reasonable time as a security deposit. A landlord may not collect rent for a month a tenant is incapacitated, in the event the landlord gives the tenant a month to secure the property, or the remaining tenancy term (in the event of death).
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