Lease Renewal Form With Rent Increase
Description
How to fill out California Residential Or Rental Lease Extension Agreement?
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FAQ
Rents for more than 1 million rent-stabilized apartments will increase by 3% if they are on one-year leases. For two-year leases, rates will increase by 2.75% for the first year and 3.2% for the second year. This is the second year in a row New York City renters have faced a rent increase.
Hear this out loud PauseFor 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.
Hear this out loud PauseUnder the rent stabilization rules, your landlord must mail you a lease renewal 90 to 150 days prior to the expiration of your current lease. If you do not return the lease within 60 days, the landlord may refuse to renew your lease and could move to evict you after the lease expires.
For renewal leases beginning between October 1, 2022 and September 30, 2023, the rent increase for rent stabilized apartment and loft renewals is: For a one-year lease beginning on or after October 1, 2022, and on or before September 30, 2023: 3.25%
Hear this out loud PauseDear [TENANT NAME(S)], As indicated in your lease, your lease at [PROPERTY ADDRESS] will end on [LEASE EXPIRATION DATE ? write in full]. Please note that the monthly rent for the above [PROPERTY ADDRESS] will increase from [OLD RENT AMOUNT] to [NEW RENT AMOUNT] effective [DATE OF NEW LEASE ? write in full].
