N.Y. Comp. Codes R. & Regs. Tit. 9 § 2502.5 - Lease agreements
(a) Vacancy
lease. Upon the renting of a vacant housing accommodation after the local
effective date of the act, the landlord shall provide to the tenant and execute
a valid written lease for a one- or two-year period at the tenant's option at a
rent which may not exceed the legal regulated rent, provided further that for a
housing accommodation subject to the Emergency Housing Rent Control Law which
becomes vacant after the local effective date of the act, the lease shall not
provide for any increase in said rent for a period of one year.
(b) Renewal lease. Upon the expiration of a
prior lease or rental agreement, the tenant shall have the right of selecting
at this option a renewal lease for a term of one or two years, except that
where a mortgage or a mortgage commitment existing as of the local effective
date of the act prohibits the granting of one-year lease terms, the tenant may
not select a one-year lease.
(c)
(1) For housing accommodations subject to
this act, an owner shall furnish to each tenant signing a vacancy or renewal
lease, information in a form promulgated or approved by the division, as part
of such lease, describing rights and duties of owners and tenants under the act
including a detailed description of how the rent was adjusted from the prior
legal rent. Such information shall conform to the "plain English" requirements
of section
of the General Obligations Law and information regarding such rights and duties
shall also be available in all languages that may be required pursuant to
DHCR's language access plan.5-702