November 20, 2014 rummy

On December 3, 2014, a new law requiring that the presence of, and maintenance of, residential sprinkler systems be disclosed on all residential leases in New York. The text of the new law appears at the end of this article and can be found in Real Property Law ยง231-A. Section 1 of the law requires every residential lease to contain a “conspicuous notice in bold face type as to the existence or non-existence of a maintained and operative sprinkler system in the leased premises.” Section 3 of the law further requires that “if there is a maintained and operative sprinkler…