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.
New York Notice to Lessor of Lessee's Intention to Renew or Extend Lease Agreement is a legally binding document used by tenants in New York State to notify their landlord or lessor about their intention to renew or extend their existing lease agreement. This notice serves as a formal communication expressing the tenant's desire to continue renting the property for an additional term. Keywords: New York, Notice to Lessor, Lessee's Intention, Renew, Extend, Lease Agreement There are primarily two types of New York Notice to Lessor of Lessee's Intention to Renew or Extend Lease Agreement: 1. Notice to Lessor of Lessee's Intention to Renew Lease Agreement: This type of notice is used when a tenant in New York wishes to renew their current lease agreement for another term. The notice should include the tenant's name, address, and contact information, as well as the property details and the specific date on which the lease term is due to expire. The tenant must clearly state their intention to renew the lease and propose any desired changes or amendments, such as rent adjustments, lease term adjustments, or other relevant terms. 2. Notice to Lessor of Lessee's Intention to Extend Lease Agreement: This notice is used when a tenant wishes to extend their existing lease agreement for a specific period beyond the current lease term. Similar to the notice to renew, it should include all relevant tenant and property details. The tenant must express their intention to extend the lease agreement, specify the desired extension period, and propose any modifications to the existing terms, if applicable. In both cases, it is important for tenants to adhere to the prescribed notice period as stipulated in their lease agreement or based on New York State laws. Typically, this notice is required to be provided in writing within a specific timeframe, usually 30 to 90 days before the lease expiration date. Failure to provide the required notice may result in automatic termination of the lease agreement or the landlord's refusal to renew or extend the lease. It is crucial to consult with an attorney or legal professional for guidance while drafting and submitting the notice, as lease agreements and renewal/extension requirements can vary. Tenants should retain a copy of the notice and consider sending it via certified mail or through a method that provides proof of delivery to ensure proper documentation.
