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Commonly Asked Questions about State-Specific Lease Packages

No, lease agreements do not need to be docHubd in New York. Since leases are treated much the same as a standard contract in this state, notarization is not necessary.
A triple net lease, sometimes known as an NNN lease, is the most common type of commercial lease. A triple net lease is a lease whose monthly rent fee does not include operating expenses. Typical operating expenses include insurance, utilities, property taxes and maintenance costs.
In NYC, an owner may refuse to renew a rent stabilized tenants lease because the owner has an immediate and compelling need to possess the apartment for use as his or her primary residence or as a primary residence for his or her immediate family.
Under the Rent Stabilization Law, an owner may begin an eviction proceeding when the current lease expires, but only after the tenant is given written notice that the lease will not be renewed. This notice must be served at least 90 and not more than 150 days before the current lease term expires.
Landlords may refuse to renew a lease only under certain enumerated circumstances, such as when the tenant is not using the premises as a primary residence.
The landlords kind of take advantage of that, kinda like spiking up their rent so they can pay more, so I feel like thats a good thing. It benefits the people, one Manhattan resident said. The law, which was set to expire on April 1, will now remain in effect until April 1, 2027.
Rent stabilization provides protections to tenants besides limitations on the amount of rent increases. Tenants are entitled to receive required services, to have their leases renewed, and may not be evicted except on grounds allowed by law. Leases may be renewed for a term of one or two years, at the tenants choice.
Gross Lease Gross leases work well if you are renting office space or retail space in a mall. The lease is calculated to include your share of all of the common operating costs of the space. In other words, your rent will include a prorated share of real estate tax, utilities, building insurance and janitorial costs.