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What does lease up mean Nycha?

One- year lease term: NYCHA will process the one-year lease renewal 1.5% increase upon completion of a successful rent reasonableness valuation after the first 6 months of the lease. Once the increase in rent is found to be reasonable, NYCHA will automatically process the increase.

Whats the purpose of the Nondisturbance clause in a lease?

Non-disturbance is a contractual agreement by the lender not to disturb tenants possession of the property rented in the event of a foreclosure. A tenant should require a non-disturbance agreement from a lender in any situation in which the tenant is agreeing to subordinate the lease to the lien of the loan.

Is an addendum?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

How do you write a good lease agreement?

How to create a lease agreement Collect each partys information. Include specifics about your property. Consider all of the propertys utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

What happens when lease expires in CT?

As soon as the stay of execution expires, the landlord may get an execution to remove the tenant and his or her belongings from the apartment. A state marshal must serve the tenant or leave a copy of the execution notice at the premises.

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