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The rental agreement is an official contract entered between the tenant and owner of a property. Tenant is the person who wishes to take temporary possession of the owner's property by paying the rental amount. The tenant can stay/use the property of the owner for the time mentioned in the rental agreement.

Tenants who stay past the end of a lease are treated as month-to-month tenants if the landlord accepts a rent payment (Real Property Law § 232-c). A month-to-month tenancy may be terminated by either party.

They must also notify tenants in writing if they do not intend to renew a lease. Specifically: If a tenant has occupied the unit for less than one year, or does not have a lease term of at least one year, a 30-day notice is now mandatory.

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 for a one (1) year period but can be for any time period agreed by the parties.

I have had some renters who assumed they could sign a 3-5 year lease, but this is not correct. While some landlords do allow two year terms, or at least an ?option? for a second year, many landlords do not allow anything more than a 12 month term. And few ? if any ? landlords allow lease terms of three or more years.

The New York month-to-month lease agreement is a contract that authorizes a tenant to rent residential property for one (1) month at a time. A month-to-month lease renews automatically at the end of each month and will do so perpetually unless terminated by either the landlord or tenant.