N.Y. Comp. Codes R. & Regs. Tit. 9 § 2522.5 - Lease agreements
(a) Vacancy
lease or rental.
(1) For housing
accommodations other than hotels, upon the renting of a vacant housing
accommodation, the owner shall provide to the tenant a copy of the fully
executed lease for a one- or two-year term, at the tenant's option (except
where a mortgage or mortgage commitment existing as of April 1, 1969 prohibits
the granting of one-year lease terms), bearing the signature of the owner and
tenant and the beginning and ending dates of the lease term, within 30 days
from the owner's receipt of the vacancy lease signed by the tenant. Such lease
shall conform to the intent of section
of the General Obligations Law (plain English). The rent provided therein may
not exceed the last legal regulated rent in addition to all increases
authorized by this code. For a housing accommodation subject to the City Rent
Law which becomes vacant after March 31, 1984, the owner may not increase the
rent charged in the initial lease or other rental agreement pursuant to annual
guidelines for a period of one year or until the expiration date of the initial
lease or rental agreement, whichever is later.5-702