A lease agreement may contain specific provisions authorizing renewal or extension, or a subsequent agreement or modification may grant the extension or renewal. A lease agreement may also grant an option to either a lessee or a lessor to renew or extend the term of the lease agreement.
This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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For non-rent regulated apartments, the landlord does not have to renew the lease. the landlord of an intention not to renew the lease. (General Obligations Law § 5-905).
In New York 5 Page 9 City, 30 days' notice is required, rather than one month. Landlords do not need to explain why the tenancy is being terminated, they only need to provide notice that it is, and that refusal to vacate will lead to eviction proceedings.
The minimum notice requirement is 28 days. If you have a monthly tenancy, you will have to give one month's notice. If you pay your rent at longer intervals you have to give notice equivalent to that rental period. For example, if you pay rent every three months, you would have to give three months' notice.
Yes, leases can automatically renew in New York. Leases can include automatic renewal clauses. In this case, the landlord usually sends a notice regarding the renewal clause 15-30 days before the tenant must notify the landlord if they don't intend to renew the lease (NY Gen Oblig L § 5-905 (2019)).
If the tenant does not vacate after the expiration of the thirty days, the landlord's counsel can proceed with a holdover eviction action in the appropriate local forum. At this point, the parties, through their attorneys, may attempt to negotiate a resolution to the situation.
Notice Requirements for New York Landlords A landlord can simply give you a written notice to move, allowing you 30 to 90 days, as required by New York law, and specifying the date on which your tenancy will end.
If the tenant does not accept the renewal offer within the prescribed time, the landlord may refuse to renew the lease and seek to evict the tenant through court proceedings. If the tenant accepts the renewal offer, the landlord has 30 days to return the fully executed lease to the tenant.
If the landlord wants to raise rent by 5% or more or not renew the lease, they must let the tenant know further in advance: If the tenant has occupied the unit for less than one year and does not have a lease term of at least one year, the landlord must give at least thirty days' notice.
