Can a landlord refuse to renew a lease in NY?
If the tenant does not accept the renewal offer within the prescribed time, the landlord may refuse to renew the lease and seek to evict the tenant through court proceedings. If the tenant accepts the renewal offer, the landlord has 30 days to return the fully executed lease to the tenant.
Do landlords have to renew lease in NY?
Renewal Leases For non-rent regulated apartments, the landlord must agree to renew the lease and a tenant may be subject to eviction at the end of the lease term. However, a lease may contain an automatic renewal clause.
How long can a tenant stay after the lease expires New York?
If the tenant does not vacate after the expiration of the thirty days, the landlord’s counsel can proceed with a holdover eviction action in the appropriate local forum. At this point, the parties, through their attorneys, may attempt to negotiate a resolution to the situation.
How much notice does a landlord have to give if not renewing lease in NYC?
The landlord must give written notice to the tenant of the right to renewal no more than 150 days and not less than 90 days prior to the end of the lease. For more information on your right to renewal, see HCR Fact Sheet #4: Lease Renewal in Rent Stabilized Apartments.
Can a landlord refuse to extend a lease?
If you decide to try to negotiate a lease extension, there are no rules and your landlord could refuse to extend your lease, or set whatever terms they like.
What happens when your car lease is up?
These days, lessees have several options at the end of a car lease, including doing a lease buyout, buying out the car then reselling it, transferring the lease, doing a trade-in, or extending the lease. Before returning your leased vehicle, it’s important to first review your options.
Can you evict a tenant after lease expires NYC?
If you do not have a written lease, or your lease expired and you don’t 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/owner’s right to evict you without a reason.
What happens if you stay past your lease NYC?
New York tenants who stay past the end date of their lease can typically be evicted. Landlords in NYC may need “just cause” to evict a holdover tenant, however. Tenants who stay beyond their lease end date become holdover tenants.
What happens when lease ends?
The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.
What is a Section 42?
A Section 42 Notice is a formal request from a leaseholder to the freeholder or landlord (or both) and any other appropriate party to extend their lease on a property. This provides a leaseholder with an extension of 90 years on top of the remaining lease term and a ground rent reduced to zero.
Can you force freeholder to extend lease?
Am I allowed to extend my lease? Yes – if you’ve owned the property for at least two years you are entitled to demand a 90 year extension to be added to your existing lease from your freeholder. You only have to have owned the property, so you can still apply if you’ve been living somewhere else.
What happens when lease is expired?
When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. If a tenant continues to pay rent after a lease ends, in most states the terms of the expired lease carry over into a month-to-month tenancy.
Is renewal of lease a right?
Most commercial tenants have a right to renew their lease. However, if there is no right of renewal clause in a commercial lease, that tenant will not have a right to renew their lease.
What are my options at the end of a car lease?
You have three options once your car lease is up: Trade it in for another lease, return it and walk away, or buy the car you’ve been leasing.
What happens when your lease ends NYC?
If your original term runs out and is not renewed, but the landlord continues to accept your rent payments, you are automatically considered a month-to-month tenant. Often it can be a sign of a good landlord-tenant relationship.
Can a lease extension be refused?
If you decide to try to negotiate a lease extension, there are no rules and your landlord could refuse to extend your lease, or set whatever terms they like. For example, they may want to increase the ground rent as one of the terms.