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You pay the dealer monthly payments much like renting a house or apartment. You do not gain ownership of the car and you must return the car, or buy it from the dealer, at the end of the lease term. You have the right to use the car during the lease for a certain number of months and miles.
Does a lease need to be notarized in NY?
You will need to show an income of at least 40-50 times the monthly rent. You must show a secure and stable employment history. You must have a social security number. If you do not have a social security number or are not in the process of applying for one you must have a guarantor co-signing your lease.
What are the requirements for recording a lease in New York?
A memorandum of lease thus entitled to be recorded shall contain at least the following information with respect to the lease: the name of the lessor and the name of the lessee and the addresses, if any, set forth in the lease as addresses of such parties; a reference to the lease, with its date of execution; a
How to get a lease in New York?
Assuming you are not living in a rent regulated unit, your landlord is not legally required to provide reasoning as to why they do not wish to renew your lease. However, this non-renewal cannot be for any discriminatory purposes against you or anyone living in the unit.
What happens if you dont have a lease in NYC?
If you do not have a written lease, or your lease expired and you dont live in rent regulated housing, the landlord/owner may be able to go to court to evict you even if you did not do anything wrong. It is the landlord/owners right to evict you without a reason.
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One of the most common methods of finding an apartment in New York City is using a real estate broker. If you know what neighborhood you want to live in, its usually best to find a broker based there.
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Form ST-119.2:9/11: Application for an Exempt Organization
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