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The document is a Month-to-Month Lease Agreement outlining the terms and conditions between a Landlord and Tenant for renting an apartment. It includes details on rent payment, security deposits, tenant responsibilities, landlord obligations, rules regarding alterations and repairs, termination procedures, and legal liabilities. The agreement emphasizes that the apartment is to be used solely as a private dwelling and sets forth the rights and duties of both parties.

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Can you rent short term in NYC?

You cannot rent out an entire apartment or home to visitors for less than 30 days, even if you own or live in the building in NYC. NYS Multiple Dwelling Law prohibits short-term rentals in buildings with three or more units.

What are the rules for month to month lease in NYC?

There is often no lease in a month-to-month tenancy, which may be ended by the landlord or the tenant. However, notice must be given at least one month before your next rent payment is due. Public housing authority leases have their own regulations and specific lease conditions.

Can I evict a month-to-month tenant in NY?

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). (See the Retaliatory Eviction handout for more information).

Can a landlord raise the rent on a month-to-month lease in NYS?

no limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more. advance written notice. This applies to month-to-month tenants without a lease as well.

Are month-to-month leases risky?

Bottom Line. While month-to-month leases offer landlords flexibility and the ability to adjust rent more frequently, they also come with risks like higher tenant turnover and less income stability.

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Is a month-to-month lease expensive?

Month-to-month lease agreements can be more expensive rent-wise because they are more temporary and can end at any time. Landlords will often charge a higher rate as they are taking on more risk to have a shorter-term tenant.

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Got questions?

Can you rent short term in NYC?

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Can a landlord raise the rent on a month-to-month lease in NYS?

Are month-to-month leases risky?

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Is a month-to-month lease expensive?

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