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You can't be requiredas you might have in the past or in other statesto pay several months of rent in advance. In New York State, you don't need to come up with as much as three months rent to secure a rental apartment, thanks to a 2019 change in the rent laws.
Additionally, renting an entire apartment (when the owner is not present) for less than 30 days is always illegal in New York City, despite the availability of many such apartments on Airbnb and similar sites.
Month-to-month leases are perfect for tenants who are unsure about their future living situation. It's a great way to check out a neighborhood or building without a long-term commitment.
As a general rule of thumb, a short-term tenancy is usually a rental property that is being offered to the market for six months or less. Tenancies ranging from 6 months to a year are commonly marketed as medium-term rentals, with anything over a year deemed to be a long-term let.
Indeed, most short-term rentals are illegal in New York City. Stiff fines have been enacted in an attempt to halt illegal rentals. And Airbnb does not permit hosts to have more than one listing at any single address in New York City (but hosts can have listings at different addresses).
6 month sublets are apartments for rent where the lease term is a minimum of six months. While we are calling these "sublets", note that they can actually be furnished short term rentals, furnished sublets, lease assignments, or rooms for rent offered by landlords, tenant, or real estate agents.
Generally speaking, the minimum length of a lease in NYC is 12 months. This means the renter usually has a minimum lease term of one year.
A New York month-to-month rental agreement is a rental contract with no end date and can be terminated by either the landlord or tenant within one (1) month's notice. The lease will continue and be renewed automatically with each month and the tenant's rent payment.