This is an agreement for the renewal of an existing lease for an additional term, with possible modifications. The agreement terms conform to state statutory law.This agreement is for the renewal of a non-commercial or residential lease.
This is an agreement for the renewal of an existing lease for an additional term, with possible modifications. The agreement terms conform to state statutory law.This agreement is for the renewal of a non-commercial or residential lease.
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For a two-year lease commencing on or after October 1, 2023 and on or before September 30, 2024: For the first year of the lease, 2.75%; and. For the second year of the lease, 3.20% of the amount lawfully charged in the first year, excluding any increases other than the first-year guideline increase.
Renewal Leases Generally, the renewal lease must keep the same conditions and terms as the expiring lease. In NYC, owners must give written notice of renewal by mail or personal delivery not more than 150 days and not less than 90 days before the existing lease expires.
Your landlord is not required to offer you a renewal lease if you live in an unregulated / market-rate apartment. You may only renew your lease if your landlord agrees to do so. If you want to remain, you can approach your landlord well before the expiration of your lease and ask to sign a new lease.
Renewal Leases Generally, the renewal lease must keep the same conditions and terms as the expiring lease. In NYC, owners must give written notice of renewal by mail or personal delivery not more than 150 days and not less than 90 days before the existing lease expires.
However, a lease may contain an automatic renewal clause. In such case, the landlord must give the tenant advance notice of the existence of this clause between 15 and 30 days before the tenant is required to notify the landlord of an intention not to renew the lease. (General Obligations Law § 5-905).