New York Cover Sheet Section 554 Abandonment is a legal form used when a tenant or landlord wishes to terminate a lease. It is a form which must be filed with the court by the landlord or tenant in order to officially abandon a lease in New York State. It covers all the necessary information and is used in court proceedings. There are two types of New York Cover Sheet Section 554 Abandonment: one for tenants and one for landlords. The form for tenants provides information about the tenant’s right to terminate the lease and the landlord’s right to receive advance notice from the tenant. The form for landlords provides information about the landlord’s right to terminate the lease and the tenant’s responsibility to vacate the premises. The form also includes details about any damages caused to the property, security deposits, and any other terms of the lease that may be applicable.