This would require every residential lease to provide notice of information concerning flood insurance.
This bill establishes a flood risk "right to know" for renters. The Natural Resources Defense Council (NRDC) currently gives New York's flood risk disclosure law a failing grade in part because New York's flood disclosure laws only apply to sales of residential real property, meaning that renters are not receiving adequate disclosures about the flood risks and history of the units they lease.
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Please see the 'Sample Lease Rider' provided by the city attached to the bottom of this article.