N.Y. Real Property Law § 231-b: Flood history and risk notice in residential leases

§ 231-b. Flood history and risk notice in residential leases. 1. Every

residential lease shall provide notice of the following information

related to the previous flood history and current flood risk of the

leased premises, as follows:

(a) whether any or all of the leased premises is located wholly or

partially in a Federal Emergency Management Agency ("FEMA") designated

floodplain;

(b) whether any or all of the leased premises is located wholly or

partially in the Special Flood Hazard Area ("SFHA"; "100-year

floodplain") according to FEMA's current Flood Insurance Rate Maps for

the leased premises' area;

(c) whether any or all of the leased premises is located wholly or

partially in a Moderate Risk Flood Hazard Area ("500-year floodplain")

according to FEMA's current Flood Insurance Rate Maps for the leased

premises' area; and

(d) any prior flood damage to the leased premises due to a natural

flood event, such as heavy rainfall, coastal storm surge, tidal

inundation, or river overflow, that the lessor knows or reasonably

should know has occurred to such premises and the nature of any such

damage.

2. Every residential lease shall also contain the following notice to

tenants: "Flood insurance is available to renters through the Federal

Emergency Management Agency's (FEMA's) National Flood Insurance Program

(NFIP) to cover your personal property and contents in the event of a

flood. A standard renter's insurance policy does not typically cover

flood damage. You are encouraged to examine your policy to determine

whether you are covered."