§ 7-11 Records To Be Kept.
RCNY § 7-11
Every landlord of taxable premises and every tenant of taxable premises shall keep records identifying each tenant, the rent required to be paid, the rent paid and received, the location of each premises, and the periods of commencement and termination of every occupancy. In addition, such persons are required to keep all leases or agreements which fix the rents or rights of tenants of taxable premises, and such other records, receipts and other papers relevant to the ascertainment of the tax due under the law. Such records shall be offered for inspection and examination at any time upon demand by the Commissioner of Finance or his duly authorized agent or employee and must be preserved for a period of three years, except that the Commissioner may consent to their destruction within that period or may require that they be kept longer, and except further that leases or agreements which fix the rents or rights of a tenant shall be kept for a period of three years after the expiration of the tenancy thereunder.
