SOURCE: BlumbergExcelsior, Inc.

BlumbergExcelsior, Inc.

October 02, 2014 11:21 ET

BlumbergExcelsior Announces Revised New York Residential Lease Forms That Comply With New Sprinkler System Notification Requirements

BROOKLYN, NY--(Marketwired - Oct 2, 2014) -  BlumbergExcelsior, Inc. announced that the company will be revising all of its New York residential leases to comply with Chapter 202 of the 2014 Session Laws of New York. The legislation requires conspicuous notification in residential leases regarding the existence or non-existence of a sprinkler system in leased premises and, if a sprinkler system exists, the last date of maintenance and inspection. The law is broad and sweeping applying to every residential house, apartment, coop and condo lease and sublease. The December 3, 2014 effective date leaves landlords only two months to replace their leases or to create riders for noncompliant leases.

In announcing the new forms, Bob Blumberg, President and CEO, said, "Our legal team has already begun to update Blumberg's twenty four paper and online New York lease forms. We will reprint all paper lease and sublease forms with a sprinkler system statement. We will also revise our online forms that are for use in New York exclusively with a sprinkler statement. Online forms for multiple jurisdictions will include a short form sprinkler statement rider."

Blumberg will also publish a long form rider in paper (T329) and online (329) to enable landlords to continue to use existing stocks of paper forms.

BlumbergExcelsior Inc., established in 1887, is the leading supplier of paper and online legal forms in New York. Blumberg forms are respected by courts and attorneys for ease of use and the breadth of practice areas covered. In addition to its popular landlord-tenant forms, Blumberg publishes legal forms for power of attorney, real estate transactions, business certificates, litigation and corporate governance.

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