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Commonly Asked Questions about Real Estate Leasing Agreements

In New York City, the term short-term rental refers to renting for any period shorter than 30 days.
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.
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.
Fixed-Term Leases 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.
A New York month-to-month lease agreement is a contract landlords use to rent out residential property for one month at a time. This lease renews automatically at the end of each month and can be terminated with one months notice.
Short-term lease A lease that, at the commencement date, has a lease term of 12 months or less. A lease that contains a purchase option is not a short-term lease.
Duration: A short-term commercial lease may only have a 1-5-year term, meaning the rent value is lower than a 10-to-20-year lease. Flexibility: Short-term leases offer greater flexibility to both landlords and tenants.
A short-term lease is a lease with a term of 12 months or less. This definition includes any periods covered by options to extend or terminate the lease, provided the lessee is reasonably certain to exercise the extension option or not exercise the termination option.