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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).
Written notice must include: Termination date: The law says, the termination date must be effective no earlier than thirty days after the date on which the next rental payment is due (after the notice is delivered). The notice is considered delivered five days after mailing.
In rent controlled apartments statewide and in rent stabilized apartments outside New York City, a landlord may not evict a senior citizen, a person living with a disability, or any person who has been living in the apartment for 15 years or more for purposes of owner occupancy (NYC Admin.
Key Takeaways. A new law affecting renewals of rent-stabilized housing will benefit NYC landlords in 2024, allowing property owners to increase the rent up to 3% upon renewal for a one-year lease. For a two-year lease, landlords can raise the rent up to 2.75% after the first year and 3.20% for the second year.
Renters (Reform) Bill Section 21 Evictions The Bill also proposes to end fixed-term tenancies and move to periodic tenancies, which do not have an end date. Any new tenancies (that would previously have been Assured Tenancies or Assured Shorthold Tenancies) would be governed by the new system. Renters (Reform) Bill 2024 What landlords and tenants need to know lettingaproperty.com landlord blog ren lettingaproperty.com landlord blog ren
Tenants Rights and Responsibilities. In New York City, tenants have many rights relating to the safety and quality of their housing. Tenants should expect to live in safe, well-maintained buildings that are free from vermin, leaks, and hazardous conditions. Laws protect tenants from harassment and discrimination.
New York tenant responsibilities and rights Living in a habitable rental that meets local and state health and safety codes. Having repairs made in a reasonable time after providing the landlord with written notice. Taking legal action like suing or filing a court order if the landlord commits a lease violation.