

FLOOD HISTORY AND RISK LEASE RIDER/NOTICE TO RESIDENTIAL TENANTSRecently enacted changes to New York State Real Property Law Section 231-b, effective June 21, 2023 require that all residential leases shall provide notice of previous flood history and current flood risk of the leased premises. While the law does not require Homes and Community Renewal (HCR) to promulgate this lease rider/ notice, HCR has been asked by real estate industry leaders to provide them with a sample whose content can serve as a model to be used by building owners in New York State. HCR suggests that this lease rider/ notice also be served on tenants occupying apartments subject to rent control despite the absence of a written residential lease. To view the sample notice, visit: SAMPLE FLOOD HISTORY AND RISK LEASE RIDER/NOTICE. |
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