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The Renewal Lease NYC form serves as a crucial document for both tenants and landlords in New York City, facilitating the renewal of rent-stabilized leases. This form outlines essential information, including the tenant's and owner's names and addresses, the expiration date of the current lease, and the terms under which the lease may be renewed. Notably, tenants have the option to renew their lease for either one or two years, with specific details regarding the legal rent, applicable increases, and any additional charges clearly delineated. The form also highlights the importance of responding within 60 days to avoid potential eviction proceedings. Furthermore, it addresses security deposits, stipulating that any additional deposits may only be collected after the first six months of a one-year renewal. Tenants are reminded of their rights under programs like SCRIE and DRIE, which may allow for reduced rent. This document not only serves as a formal agreement but also emphasizes the need for both parties to adhere to the Rent Stabilization Code, ensuring that the renewal process is transparent and legally compliant.
Preview - Renewal Lease Nyc Form
RENEWAL LEASE FORM
Owners and Tenants should read INSTRUCTIONS TO OWNER and INSTRUCTIONS TO TENANT
on reverse side before filling out or signing this form
THIS IS A NOTICE FOR RENEWAL OF LEASE AND RENEWAL LEASE FORM ISSUED UNDER SECTION 2523.5(a) OF THE RENT STABILIZATION CODE. ALL COPIES OF THIS FORM MUST BE SIGNED BELOW AND RETURNED TO YOUR LANDLORD WITHIN 60 DAYS.
Dated: ________________________ 20_________ |
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Tenant's Name(s) and Address: |
Owner's /Agent's Name and Address: |
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__________________________________ |
1.The owner hereby notifies you that your lease will expire on:
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PART A - OFFER TO TENANT TO RENEW |
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2. You may renew this lease, for one or two years, at your option, as follows: |
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Column A |
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Column B |
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Column C |
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Column D |
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Column E |
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Column F |
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Renewal |
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Legal Rent on |
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Guideline % or |
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Applicable Guideline |
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Lawful Rent Increase, |
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New Legal Rent |
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Term |
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Sept.30th Preceding |
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Minimum $ Amount |
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Supplement, if any |
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if any, Effective after |
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(If a lower rent |
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Commencement |
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(If unknown, check box |
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Sept. 30th |
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is to be charged, |
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Date of this |
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and see below)* |
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check box and see item |
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Renewal Lease |
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5 below) |
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1 Year |
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$_______________ |
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%) $___________ |
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$______________ |
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$______________ |
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$______________** |
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2 Years |
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Same as above |
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%) $___________ |
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$______________ |
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$______________ |
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$______________ |
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*If applicable guideline rate is unknown at time offer is made, check box in Column C and enter current guideline which will be subject to adjustment when rates are ordered.
**Rent Guidelines Board Order #53 applies to leases commencing between 10/1/21 and 9/30/22. The one (1) year lease guideline increase cannot be applied until the final six (6) months of the lease. There is no guideline increase in the first six (6) months.
3.Security Deposit: *** Collectable after the sixth (6) month of a
Current Deposit: $______________ |
Additional Deposit Required - 1 year lease: |
$___________*** |
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Additional Deposit Required - 2 year lease: |
$___________ |
4. Specify separate charges, if applicable:
a. Air conditioner : |
$___________ |
c. |
421a (2.2%): $___________ |
Total separate charges: $_____________ |
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b. Appliances |
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$___________ |
d. |
Other: ________________ $_____________ |
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5. Lower Rent to be charged, if any. 1 year lease $__________, 2 year lease $__________ Agreement attached: Yes |
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No |
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6.Tenant shall pay a monthly rent (enter amount from 2F or 5) of $______________ for a 1 year renewal or $ ___________ for a 2 year renewal, plus total separate charges (enter amount from 4) $_____________ for a total monthly payment of $_____________ for a 1 year renewal or $____________ for a 2 year renewal.
7.This renewal lease shall commence on ____________________, which shall not be less than 90 days nor more than 150 days from the date of mailing or personal delivery of this Renewal Lease Form. This Renewal Lease shall terminate on ___________________ (1 year lease) or ____________________ (2 year lease).
8.This renewal lease is based on the same terms and conditions as your expiring lease. (See instructions about additional provisions.)
9.SCRIE and DRIE. Owner and Tenant acknowledge that, as of the date of this renewal, Tenant is entitled to pay a reduced monthly rent in the amount of $ _______________ under the New York City SCRIE program or the New York City DRIE program. The reduced rent may be adjusted by orders of such program.
10. Leased premises does |
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, does not |
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have an operative sprinkler system. If operative, it was last maintained and inspected |
on ____________________ |
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This form becomes a binding lease renewal when signed by the owner below and returned to the tenant. A rider setting forth the rights and obligations of tenants and owners under the Rent Stabilization Law must be attached to this lease when signed by the owner and returned to the tenant. The rent, separate charges and total payment provided for in this renewal lease may be increased or decreased by order or annual updates of the Division of Housing and Community Renewal (DHCR) or the Rent Guidelines Board (RGB).
PART B - TENANT'S RESPONSE TO OWNER
Tenant: Check and complete where indicated one of three responses below after reading instructions on reverse side. Then date and sign your response below. You must return this Renewal Lease Form to the owner in person or by regular mail, within 60 days of the date this Notice was served upon you by the owner. Your failure to do so may be grounds for the commencement of an action by the owner to evict you from your apartment.
I (we), the undersigned Tenant(s), accept the offer of a one (1) year renewal lease at a monthly rent of $______________, plus
separate charges of $______________ for a total monthly payment of $______________. **No rent increase in the first six (6) months.
I (we), the undersigned Tenants(s), accept the offer of a two (2) year renewal lease at a monthly rent of $______________, plus
separate charges of $______________ for a total monthly payment of $______________.
I (we) will not renew my (our) lease and I (we) intend to vacate the apartment on the expiration date of the current lease.
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Tenant's Signature(s): |
Dated: |
20 |
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Dated: |
20 |
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Owner's Signature(s): |
INSTRUCTIONS TO OWNER
At least two copies of this completed Renewal Lease Form must be mailed to the tenant in occupancy or personally delivered not more than 150 days and not less than 90 days prior to the end of the tenant's lease term, along with the New York City Lease Rider For Rent Stabilized Tenants.
If the owner offers a Renewal Lease less than 90 days prior to the expiration of the existing lease, the lease term selected by the tenant shall begin at the tenant's option either (1) on the date a renewal lease would have begun had a timely offer been made or (2) on the first rent payment date occurring no less than 90 days after the date that the owner does offer the lease to the tenant. The guidelines rate applicable for such lease shall be no greater than the rate in effect on the commencement date of the lease for which a timely offer should have been made, and the increased rental shall not begin before the first rent payment date occurring no less than 90 days after such offer is made.
The owner must fully complete PART A on the reverse side of this Form explaining how the new rent has been computed. Any rent increase must not exceed the applicable Rent Guidelines Board adjustment(s) plus other adjustments authorized by the Rent Stabilization Code.
Tenants that were paying a preferential rent as of June 14, 2019 or thereafter, retain the preferential rent for the life of the tenancy. Rent Guidelines Board increases and other increases allowed by the Rent Stabilization Law are to be applied to the preferential rent.
This Renewal Lease must be offered on the same terms and conditions as the expiring lease, except for such additional provisions as are permitted by law or the Rent Stabilization Code which must be set forth by the owner and attached to this Form. If there are any additional lawful agreements between the owner and tenant, a copy signed by both parties must be attached to this Form.
The tenant must return to the owner all copies of this Form, completed and signed by the tenant in PART B on the reverse side of this Form.
The owner must furnish the tenant with a fully executed copy of this Renewal Lease Form bearing the tenant's and owner's signatures in PART B, and a copy of the DHCR New York City Lease Rider, within 30 days of the owner's receipt of this Form signed by the tenant. Service of this fully executed Form, upon the tenant, constitutes a binding renewal lease. If the owner fails to furnish the tenant with a fully executed copy of this Form within 30 days of receipt of the Form signed by the tenant, the tenant shall continue to have all rights afforded by the Rent Stabilization Law and Code, and the owner will be barred from commencing any action or proceeding against the tenant based upon
INSTRUCTIONS TO TENANT
(Read Owner's and Tenant's Instructions carefully before completing this Renewal Lease Form)
If you wish to accept this offer to renew your lease, you must complete and sign this Renewal Lease Form in the space provided in PART B on the reverse side of this Form, and you must return all copies of the signed Lease Form to the owner in person or by regular mail within
60 days of the date this Form was served upon you. You may wish to make a copy for your own records. If you do not sign and return this
Renewal Lease Form within the prescribed
Before you complete and sign PART B and return this Renewal Lease Form, be sure to check that all lawful provisions and written agreements have been attached by the owner to this Form. Please read all attachments carefully. If such other lawful provisions appear, they are part of this lease renewal offer and renewal lease. If there are any lawful agreements between you and the owner, attached copies must be signed by both parties.
If the owner agrees to a rent which is lower than the legal regulated rent, this lower amount should be entered in item 5 on the reverse side of this Form, and a signed copy of the agreement should be attached. You may not change the content of this Renewal Lease Form without the owner's written consent. If a "lower rent" amount is listed in item 5 and such rent is a "preferential rent," upon renewal the owner may not increase the rent to the legal rent listed in item 2F. Tenants that were paying a preferential rent as of June 14, 2019, retain the preferential rent for the life of the tenancy. Rent Guidelines Board increases and other increases allowed by the Rent Stabilization Law are to be applied to the preferential rent.
Your acceptance of this offer to renew shall constitute a renewal of the present lease for the term of years and rent accepted, subject to any other lawful changes which appear in writing on the attachments to this Form, and subject also to payment of the new rent and additional security, if any. Such additional security shall be deposited by the owner in the manner provided for on initial occupancy. However, pursuant to the Housing Stability and Tenant Protection Act of 2019, an owner can hold no more than one month security deposit. Anything in excess of one month must be refunded to the tenant.
Please refer to the New York City Lease Rider for a summary of tenants' rights and owners' responsibilities.
State of New York
Division of Housing and Community Renewal
Office of Rent Administration/Gertz Plaza
Jamaica, New York 11433
Web Site: www.hcr.ny.gov
Document Specifics
| Fact Name | Description |
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| Governing Law | This Renewal Lease form is governed by Section 2523.5(a) of the Rent Stabilization Code in New York City. |
| Lease Expiration Notice | The owner must notify the tenant that their lease will expire, allowing the tenant to consider renewal options. |
| Renewal Options | Tenants can choose to renew their lease for either one or two years, based on the terms provided in the form. |
| Signature Requirement | All copies of the Renewal Lease form must be signed by both the tenant and the owner to be valid. |
| 60-Day Return Policy | Tenants must return the signed Renewal Lease form to the owner within 60 days of receiving it. |
| Security Deposit | The current security deposit is collectable after the sixth month of a one-year lease renewal. |
| Separate Charges | Any additional charges, such as for appliances or air conditioning, must be specified in the form. |
| SCRIE and DRIE Programs | The form acknowledges the tenant's eligibility for reduced rent under the New York City SCRIE or DRIE programs. |
| Binding Agreement | This Renewal Lease becomes a binding agreement once signed by the owner and returned to the tenant. |
Renewal Lease Nyc: Usage Instruction
Completing the Renewal Lease NYC form is an important step for both tenants and landlords to ensure a smooth transition into a new lease term. It is essential to fill out the form accurately and return it within the specified timeframe to avoid any potential issues. Below are the steps to guide you through the process of filling out this form.
- Write the date at the top of the form where indicated.
- Fill in your name(s) and address in the designated section for the tenant.
- Provide the owner’s or agent’s name and address in the specified area.
- Indicate the expiration date of your current lease.
- Choose the renewal term (one or two years) and fill in the legal rent, guideline percentage, lawful rent increase, and new legal rent in the appropriate columns.
- If applicable, check the box for a lower rent to be charged and specify the amount for both one and two-year leases.
- Complete the section for the security deposit, noting the current deposit and any additional deposit required for the renewal.
- List any separate charges, such as for air conditioning or appliances, and total them in the designated space.
- Calculate the total monthly rent, including any additional charges, and write it in the appropriate section.
- Fill in the commencement date of the renewal lease, ensuring it falls within the required timeframe of 90 to 150 days from the notice date.
- Indicate whether the leased premises has an operative sprinkler system and note the last maintenance date if applicable.
- Sign the form in the owner’s section, ensuring all copies are signed before returning them to the tenant.
- Hand deliver or mail all signed copies of the form back to the landlord within 60 days of receipt.
After completing these steps, you can expect to receive a fully executed copy of the Renewal Lease from the landlord. This will confirm the terms of your new lease and ensure that both parties are on the same page moving forward.
Learn More on Renewal Lease Nyc
What is the Renewal Lease NYC form?
The Renewal Lease NYC form is a document used by landlords and tenants in New York City to formalize the renewal of a lease for a rent-stabilized apartment. This form must be completed and returned to the landlord within 60 days of receipt. It outlines the terms of the lease renewal, including the new rent amount and any applicable increases.
How long do I have to return the Renewal Lease form?
Tenants have 60 days from the date the Renewal Lease form is served by the landlord to complete and return it. It is important to adhere to this timeline, as failing to do so may give the landlord grounds to initiate eviction proceedings.
What happens if I do not accept the renewal offer?
If you decide not to accept the renewal offer, you must indicate your intention to vacate the apartment on the form. This should be done in the designated section of the Renewal Lease form. It is crucial to communicate this decision clearly to avoid any misunderstandings with the landlord.
What are the implications of a rent increase?
The Renewal Lease form will specify any rent increases, which are governed by the Rent Guidelines Board. If an increase is applied, it cannot exceed the allowable limits set by law. Tenants should review the form carefully to understand how the new rent amount has been calculated and whether any additional charges apply.
What if I have questions about the Renewal Lease form?
If you have questions or need clarification about the Renewal Lease form, it is advisable to consult with a legal professional or a tenant advocacy group. They can provide guidance on your rights and responsibilities under the Rent Stabilization Code and help ensure that you understand the terms of your lease renewal.
Common mistakes
Filling out the Renewal Lease NYC form can be a straightforward process, but many tenants make common mistakes that can lead to confusion or even complications down the line. One frequent error is failing to return the completed form within the specified 60-day window. This deadline is crucial; missing it could give the landlord grounds to initiate eviction proceedings. It's essential to mark your calendar and ensure that the form is sent back promptly, either in person or by regular mail.
Another common pitfall involves incomplete or inaccurate information. Tenants often overlook the importance of accurately filling in their names and addresses, as well as the landlord's details. Any discrepancies can create unnecessary delays or disputes. Always double-check that all names are spelled correctly and that the addresses match those on the original lease.
Many tenants also neglect to specify the correct rent amounts in the appropriate sections of the form. It's easy to miscalculate or forget to include separate charges, which can lead to misunderstandings about what the total monthly payment will be. Take the time to carefully review the calculations to avoid surprises later. If there are any doubts about the figures, consulting with the landlord or a knowledgeable party can provide clarity.
Another mistake often seen is not acknowledging any preferential rent agreements. If you have been paying a lower rent than the legal regulated amount, it is vital to indicate this on the form. Failing to do so could result in a significant rent increase upon renewal. Tenants should ensure that any agreements regarding preferential rent are attached and clearly noted in the appropriate section.
In addition, some tenants forget to check the box regarding the presence of an operative sprinkler system. This detail is not just a formality; it can have implications for safety and compliance. Ensure that this section is completed accurately, as it reflects the condition of the leased premises.
Lastly, a common error is not reading the instructions thoroughly. The Renewal Lease form includes important guidelines that must be followed. Tenants should take the time to read both the owner’s and tenant’s instructions carefully before completing the form. Ignoring these instructions can lead to mistakes that may complicate the renewal process.
Documents used along the form
The Renewal Lease NYC form is an essential document for tenants and landlords in New York City, facilitating the renewal of rental agreements under the Rent Stabilization Code. Several other forms and documents often accompany this renewal process, ensuring that both parties understand their rights and obligations. Below is a list of commonly used documents that may be relevant during the lease renewal process.
- New York City Lease Rider for Rent Stabilized Tenants: This rider outlines the rights and responsibilities of both tenants and landlords under the Rent Stabilization Law. It must be attached to the Renewal Lease Form and provides crucial information about rent increases, tenant protections, and other important regulations.
- Tenant's Notice of Non-Renewal: If a tenant decides not to renew their lease, they can use this document to formally notify the landlord. This notice helps clarify the tenant's intentions and protects their rights regarding the end of the lease term.
- Security Deposit Agreement: This document details the terms regarding the security deposit, including the amount collected and conditions for its return. It is important for both parties to understand their obligations concerning the security deposit.
- Rent Reduction Agreement: If a tenant and landlord agree to a lower rent than the legal regulated amount, this agreement must be documented. It ensures that both parties acknowledge and accept the lower rent, which may be a preferential rent arrangement.
Understanding these accompanying documents is crucial for both tenants and landlords. They help clarify the terms of the renewal lease and ensure compliance with New York City's rental regulations. Proper documentation can prevent misunderstandings and protect the rights of all parties involved.
Similar forms
The Renewal Lease NYC form shares similarities with the Lease Agreement. Both documents outline the terms and conditions of renting a property, including the duration of the lease, the amount of rent due, and any additional charges. A Lease Agreement typically initiates the rental relationship, while the Renewal Lease serves to extend the existing terms for another specified period. Both documents require signatures from the landlord and tenant, ensuring that both parties agree to the terms laid out. Additionally, they are both subject to local rent stabilization laws, which dictate permissible rent increases and tenant rights.
Another document akin to the Renewal Lease is the Rent Increase Notice. This notice informs tenants of a planned increase in rent and provides details about the new rental amount and effective date. While the Renewal Lease offers tenants the option to renew their lease under certain conditions, the Rent Increase Notice focuses solely on notifying tenants of changes to their current lease terms. Both documents require timely delivery to tenants and must comply with local regulations regarding notice periods and permissible increases.
The Lease Rider is also comparable to the Renewal Lease. This document accompanies a lease or renewal and includes additional terms and tenant rights that must be adhered to. While the Renewal Lease focuses on the renewal terms of an existing lease, the Lease Rider provides essential information regarding tenant protections and obligations that may not be explicitly detailed in the lease itself. Both documents ensure that tenants are informed of their rights and responsibilities throughout their rental period.
Lastly, the Termination Notice is similar in that it formally communicates important information regarding the end of a rental agreement. This notice is issued when a landlord intends to terminate a lease, whereas the Renewal Lease offers tenants the opportunity to extend their lease. Both documents must be delivered within specific time frames and adhere to local laws. They serve as critical communication tools between landlords and tenants, ensuring that both parties are aware of their options and obligations as the lease term approaches its conclusion.
Dos and Don'ts
When filling out the Renewal Lease NYC form, here are five things you should and shouldn't do:
- Do: Read the instructions carefully on both sides of the form before starting.
- Do: Fill in all required fields accurately, including your name and address.
- Do: Return all copies of the signed form to your landlord within 60 days.
- Do: Keep a copy of the completed form for your own records.
- Do: Ensure any additional agreements are attached and signed by both parties.
- Don't: Alter the content of the form without the owner's written consent.
- Don't: Ignore any attachments; read them carefully as they may contain important provisions.
- Don't: Miss the 60-day deadline for returning the form, as it could lead to eviction proceedings.
- Don't: Forget to check for any lawful agreements that may affect your lease terms.
- Don't: Assume the rent increase will apply in the first six months; verify the details first.
Misconceptions
- Misconception 1: The Renewal Lease form is optional for tenants.
- Misconception 2: Rent increases can be applied at any time during the lease.
- Misconception 3: Tenants can change the terms of the Renewal Lease unilaterally.
- Misconception 4: The Renewal Lease must always be for a two-year term.
- Misconception 5: Tenants lose their rights if they do not respond immediately.
- Misconception 6: The Renewal Lease form does not require additional agreements to be attached.
- Misconception 7: The Renewal Lease form does not need to be signed by both parties.
In reality, tenants must respond to the Renewal Lease form within 60 days. Failure to do so may lead to eviction proceedings.
Rent increases can only be applied according to the guidelines set by the Rent Guidelines Board. Additionally, there is no increase in the first six months of a one-year lease.
Tenants cannot alter the content of the Renewal Lease without the owner's written consent. Any changes must be mutually agreed upon.
Tenants have the option to choose between a one-year or two-year renewal lease, depending on their preference.
While timely response is important, tenants retain certain rights under the Rent Stabilization Law even if they miss the 60-day deadline.
Any additional lawful agreements between the owner and tenant must be attached to the Renewal Lease form. This ensures all terms are clear and binding.
The Renewal Lease becomes binding only when it is signed by both the owner and the tenant. Both signatures are necessary for the lease renewal to take effect.
Key takeaways
Understanding the Renewal Lease NYC form is essential for both tenants and owners. Here are some key takeaways to keep in mind:
- Timeliness is Crucial: Owners must provide the Renewal Lease form to tenants between 90 to 150 days before the current lease expires.
- 60-Day Response Window: Tenants have 60 days to return the signed form to the owner. Failing to do so could lead to eviction proceedings.
- Renewal Options: Tenants can choose to renew their lease for either one or two years, depending on their preference.
- Understanding Rent Increases: Rent increases are based on the Rent Guidelines Board’s adjustments and cannot exceed the lawful limits.
- Security Deposits: Owners can collect an additional security deposit after the first six months of a one-year lease renewal.
- Separate Charges: Any additional charges, like for air conditioning or appliances, must be clearly specified in the form.
- Preferential Rent: If a tenant has been paying a preferential rent, they can retain that rate for the duration of their tenancy.
- Attachment of Agreements: Any additional agreements between the tenant and owner must be attached to the Renewal Lease form.
- Binding Agreement: The Renewal Lease becomes binding once signed by both parties and returned to the tenant.
- Read Instructions Carefully: Both owners and tenants should thoroughly read the instructions provided on the form to ensure compliance with all requirements.
By keeping these points in mind, both tenants and owners can navigate the lease renewal process more effectively, ensuring a smoother transition into the next lease term.