NYC Lease Renewal for Rent Stabilized Housing
NYC Lease Renewal for Rent Stabilized Housing, set by the local Rent Guidelines Board, is a renewal for tenants in rent stabilized housing.
Document Last Modified: 10/5/2018
The NYC Lease Renewal for Rent Stabilized Housing form gives specific directions on what the landlord and tenant must first do before filling out or signing the form. In NYC, the owner/landlord must give written notice of renewal by mail or personal delivery not more than 150 days and not less than 90 days before the existing lease expires.
The landlord must also read and fill out Part A of the NYC Lease Renewal for Rent Stabilized Housing form. This form offers sections on the security deposit, additional charges, terms and conditions and more. The tenant has an option to choose a lease term of one or two years. The rent is set according to guidelines set forth by the local Rent Guidelines Board. After the landlord fills out Part A, the tenant is responsible for reading and filling out Part B of the form.
A landlord should use this form when the lease is expiring and would like to offer the tenant the option to renew. This form is used only for NYC residents in Rent Stabilized Housing. The NYC Lease Renewal for Rent Stabilized Housing must keep the same terms and conditions as the expiring lease. If any additional provisions are added to the renewal lease, they must abide by the Rent Stabilization Code and be attached to this renewal lease.
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