Leasing and Rental Agreements

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Commonly Asked Questions about Leasing and Rental Agreements

What are the advantages and disadvantages of a month-to-month lease?

As with any lease, there are pros and cons you should understand before you sign. What youll learn: Pros: Flexible End-Dates. Cons: Short Notice to End the Lease and Fluctuating Rent Prices.

Whats the difference between renting and leasing?

The main difference is the length of tenancy. A rental agreement is usually short term or month-to-month, while a lease is typically for a longer period of time, usually six months or more. Find out more about what it means to rent or lease and the pros and cons of each.

How do you terminate a month to month tenancy in NY?

The termination notice does not need to specify why the landlord seeks possession of the apartment. Month to Month tenancies can be terminated by either the landlord or the tenant, for any reason, or for no reason at all, except if the reason is retaliatory (RPL 223-b).

What rights do tenants have without a lease in NYS?

Tenants without a lease agreement also have the right to privacy. The landlord cannot enter your rental property without your consent, except in emergencies or other legally allowed circumstances. The landlord must provide reasonable notice before entering the rental property for repairs, inspections, or other reasons.

How does a month to month lease work in NY?

There is often no lease in a month-to-month tenancy, which may be ended by the landlord or the tenant. However, notice must be given at least one month before your next rent payment is due. Public housing authority leases have their own regulations and specific lease conditions.

What is a month to month lease agreement in NY?

This is called a month-to-month tenancy. In order to end a month-to-month tenancy, either you or your landlord must give at least one months notice before the end of the month. For a month-to-month tenancy, the landlord does not have to give you a reason for terminating.

Is there a standard lease for NYC?

A New York standard residential lease agreement is a form that allows a landlord and tenant to enter into a legally binding arrangement for leasing residential space. The term standard means a fixed term that usually lasts for a one (1) year period but can be for any time period agreed by the parties.