Last reviewed July 2026
Written by LawLease Editorial
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New York Co-Signer Guarantor Agreement
This Co-Signer Guarantor Agreement is built with New York as the governing state. These are the New York landlord-tenant rules that most often bear on it, with the statute for each.
New York rules at a glance
| Security deposit limit | 1 month’s rent; the “first and last month” practice is prohibitedGOL §7-108 |
|---|---|
| Deposit return | 14 days with an itemized statement, or the landlord forfeits itGOL §7-108(1-a)(e) |
| Late fees | Only after rent is 5+ days late; max $50 or 5% of rent, whichever is lessRPL §238-a |
| Nonpayment | A 14-day written rent demand is required before filing a nonpayment eviction — up from 3 days pre-HSTPA (RPAPL §711). |
Security deposits in New York
New York caps the security deposit — and any advance — at one month’s rent for every residential unit (GOL §7-108). That means the old “first month, last month, and a security deposit” arrangement is no longer allowed; it exceeds the one-month cap.
- Held in trust — The deposit stays the tenant’s money and can’t be commingled with the landlord’s funds; in buildings of 6+ units it must sit in an interest-bearing NY account (GOL §7-103).
- Inspections — The landlord must offer a walk-through before move-in and again before move-out (with 48 hours’ notice) so the tenant can fix issues before deductions (GOL §7-108).
- Return — Within 14 days of move-out the landlord must return the deposit with an itemized statement of any deductions. Miss the deadline and the landlord forfeits the right to keep any of it — even for real damage (GOL §7-108(1-a)(e)).
- Bad-faith penalty — A willful violation can cost the landlord up to twice the deposit in punitive damages (GOL §7-108(1-a)(g)).
Rent, late fees & rent increases
- Late fees — A late fee can’t be charged until rent is more than 5 days late, and it can’t exceed $50 or 5% of the monthly rent, whichever is less. Any clause charging more, or charging sooner, is void (RPL §238-a).
- Application fee — Capped at $20 (the actual cost of a background/credit check), and waived entirely if the applicant supplies their own recent report (RPL §238-a(1)).
- Increase & non-renewal notice — To raise rent 5% or more, or not renew, the landlord must give 30 days’ notice (tenant under 1 year), 60 days (1–2 years), or 90 days (2+ years). Miss the deadline and the tenancy continues until the notice runs (RPL §226-c).
- Good Cause Eviction — In NYC and localities that have opted in, increases above 10% (or 5% + CPI, whichever is lower) are presumptively unreasonable and the landlord must show a “good cause” to evict (RPL Article 6-A).
Ending a New York tenancy
| Tenant in possession <1 year | 30 days |
|---|---|
| Tenant in possession 1–2 years | 60 days |
| Tenant in possession 2+ years | 90 days |
- Nonpayment — A 14-day written rent demand is required before filing a nonpayment eviction — up from 3 days pre-HSTPA (RPAPL §711).
- Domestic violence — A survivor may end the lease with written notice and a termination date at least 30 days out, with documentation (RPL §227-c).
- Military — An active-duty servicemember with qualifying orders may terminate under the federal SCRA (50 U.S.C. §3955).
New York Co-Signer Guarantor Agreement FAQs
How much can a landlord charge for a security deposit in New York?
No more than one month’s rent, for both regulated and unregulated units. That cap also bars the traditional “first and last month plus a deposit,” since the total advance can’t exceed one month (GOL §7-108).
How long does a landlord have to return a security deposit in New York?
14 days after the tenant moves out, along with an itemized statement of any deductions. Missing the 14-day window forfeits the landlord’s right to keep any of the deposit, even if there was damage (GOL §7-108(1-a)(e)).
What is the maximum late fee in New York?
A late fee can only be charged once rent is more than 5 days late, and it can’t exceed $50 or 5% of the monthly rent, whichever is less. Any lease clause charging more, or charging earlier, is void (RPL §238-a).
More New York landlord documents
- New York Residential Lease Agreement
- New York Eviction Notice
- New York Security Deposit Return Letter
- New York Rent Increase Notice
- New York Notice to Vacate
- New York Application Approval Letter
- New York Application Denial Letter
- New York Background & Credit Check Authorization
- New York Rental Application
- New York Bed Bug Addendum
- New York Mold & Mildew Addendum
- New York No-Smoking Addendum
- New York Parking & Storage Addendum
- New York HOA & Community Rules Addendum
- New York Crime-Free Housing Addendum
- New York Utilities & Services Addendum
- New York Early Termination Addendum
- New York Lease Extension Addendum
- New York Lead-Based Paint Disclosure
- New York Military Clause (SCRA)
- New York Pet Addendum
- New York Cash for Keys Agreement
- New York Mutual Lease Termination Agreement
- New York Lease Renewal Agreement
- New York Notice of Non-Renewal
- New York Late Rent Notice
- New York Lease Violation Notice
- New York Notice of Entry
- New York Move-In / Move-Out Inspection Checklist
- New York Rent Receipt
- New York Rent Verification Letter
- New York Tenant Welcome Letter
- New York Property Management Agreement
- New York Commercial Lease
- New York Rent-to-Own Agreement
- New York Short-Term Rental Agreement
- New York Room Rental Agreement
- New York Roommate Agreement
- New York Spanish Lease Agreement
- New York Sublease Agreement
- New York Lease Amendment
Co-Signer Guarantor Agreement in other states
- Alabama Co-Signer Guarantor Agreement
- Alaska Co-Signer Guarantor Agreement
- Arizona Co-Signer Guarantor Agreement
- Arkansas Co-Signer Guarantor Agreement
- California Co-Signer Guarantor Agreement
- Colorado Co-Signer Guarantor Agreement
- Connecticut Co-Signer Guarantor Agreement
- Delaware Co-Signer Guarantor Agreement
- Florida Co-Signer Guarantor Agreement
- Georgia Co-Signer Guarantor Agreement
- Hawaii Co-Signer Guarantor Agreement
- Idaho Co-Signer Guarantor Agreement
- Illinois Co-Signer Guarantor Agreement
- Indiana Co-Signer Guarantor Agreement
- Iowa Co-Signer Guarantor Agreement
- Kansas Co-Signer Guarantor Agreement
- Kentucky Co-Signer Guarantor Agreement
- Louisiana Co-Signer Guarantor Agreement
- Maine Co-Signer Guarantor Agreement
- Maryland Co-Signer Guarantor Agreement
- Massachusetts Co-Signer Guarantor Agreement
- Michigan Co-Signer Guarantor Agreement
- Minnesota Co-Signer Guarantor Agreement
- Mississippi Co-Signer Guarantor Agreement
- Missouri Co-Signer Guarantor Agreement
- Montana Co-Signer Guarantor Agreement
- Nebraska Co-Signer Guarantor Agreement
- Nevada Co-Signer Guarantor Agreement
- New Hampshire Co-Signer Guarantor Agreement
- New Jersey Co-Signer Guarantor Agreement
- New Mexico Co-Signer Guarantor Agreement
- North Carolina Co-Signer Guarantor Agreement
- North Dakota Co-Signer Guarantor Agreement
- Ohio Co-Signer Guarantor Agreement
- Oklahoma Co-Signer Guarantor Agreement
- Oregon Co-Signer Guarantor Agreement
- Pennsylvania Co-Signer Guarantor Agreement
- Rhode Island Co-Signer Guarantor Agreement
- South Carolina Co-Signer Guarantor Agreement
- South Dakota Co-Signer Guarantor Agreement
- Tennessee Co-Signer Guarantor Agreement
- Texas Co-Signer Guarantor Agreement
- Utah Co-Signer Guarantor Agreement
- Vermont Co-Signer Guarantor Agreement
- Virginia Co-Signer Guarantor Agreement
- Washington Co-Signer Guarantor Agreement
- West Virginia Co-Signer Guarantor Agreement
- Wisconsin Co-Signer Guarantor Agreement
- Wyoming Co-Signer Guarantor Agreement
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