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Commonly Asked Questions about Landlord-Tenant Contracts

What is the best type of tenancy agreement?

Using a tenancy agreement The most common type is an assured shorthold tenancy or AST agreement.

What is the most common residential lease?

A fixed-term lease is the most traditional lease. Theyre called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.

What type of lease is best for a landlord?

A fixed-term lease is great for landlords and tenants because they both can predict and rely on the fixed rental cost every month. Its still possible to cancel a fixed-term lease, however, the tenant may end up paying a penalty for breaking the agreement.

What is the difference between a rental agreement and a contract?

A lease is a contract for a given length of time and states the landlord will lease the property to a tenant under certain terms. But a rental agreement stipulates a payment amount made periodically by a tenant to occupy the premises.

How much notice does a landlord have to give in NYC?

If you have lived in your apartment for less than one year, or have a lease for less than one year, your landlord must provide you with 30 days advanced notice before raising your rent or not renewing your lease.

What is the best tenancy agreement for a landlord?

Using a tenancy agreement The most common type is an assured shorthold tenancy or AST agreement. You can download an easy to edit template agreement from Net Lawman pre-customised to the type of property you are letting, such as one for a furnished flat.

What are the best type of tenants?

The best type is the one who checks you out too Nothing too evasive from their side but enough to show that they are serious diligent tenants that you can feel comfortable to trust that they will pay their rent in time and look after your property.

Does a landlord have to provide a copy of the lease in New York?

New York City rent stabilized tenants are entitled to receive from their landlords a fully executed copy of their signed lease within 30 days of the landlords receipt of the lease signed by the tenant. The leases be- ginning and ending dates must be stated.