Are there state or federal laws that regulate leases?
Yes, there are both state and federal laws that regulate leases. In the state of New York, the New York Real Property Law generally governs the rules that apply to leases. This includes things such as the rights and responsibilities of both landlords and tenants, the terms and duration of the lease, any required deposits, rent increases, and other topics such as maintenance and repairs. In addition to state laws, the federal government also has regulations that apply to certain leases. For instance, the federal Fair Housing Act prevents landlords from discriminating against tenants on the basis of race, color, religion, and other protected classifications. Additionally, the federal Protection of Tenants in Foreclosure Act requires that tenants receive a 90-day notice before their rental agreement is terminated if the property is sold due to a foreclosure. In New York, both the state and federal laws must be followed in order for a lease to be deemed valid and enforceable. Failure to comply with these laws could result in fines or other legal action. It is important for both landlords and tenants to familiarize themselves with the applicable laws and regulations to ensure that their rights are protected.
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