New york residential lease 2025

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A New York standard residential lease agreement is a form that allows a landlord and tenant to enter into a legally binding arrangement for leasing residential space. The term standard means a fixed term that usually lasts one year.
Lease terms can be for a set period of time known as a fixed lease term or last indefinitely. They may also have various options that change the length, such as extension or cancellation options. The absolute maximum term allowed for leases will vary by state, which in many cases is 99 years.
The main difference between leasing and renting a property is the length of the contract. Leasehold is usually granted for at least 21 years and can last as long as 999 years.
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.
Long-Term Leases (510+ Years) Long-term leases offer stability, providing landlords with a guaranteed income stream for a longer period. For well-established businesses, signing a long-term lease can lock in a desirable location while ensuring that the landlord does not have to find new tenants frequently.
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If you are a new tenant renting a vacant apartment or an existing tenant renewing your lease, you have the choice of taking a one- or two-year lease. Landlords must continue all required services that were provided at the time the apartment became regulated.
Tenants are entitled to select a one or two year lease term.

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