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Under the rent stabilization rules, your landlord must mail you a lease renewal 90 to 150 days prior to the expiration of your current lease. If you do not return the lease within 60 days, the landlord may refuse to renew your lease and could move to evict you after the lease expires.

A security deposit is money that a tenant, their guarantor or other third-party deposits with the owner of the apartment for the repair of any damages to the apartment for which the tenant is responsible.

In ance with the terms of the said agreement, and in exchange for the rent hereby reserved, the covenants, conditions, and stipulations that will be included herein and that the tenant is required to pay, observe, and perform, THE LANDLORD HEREBY DEMISES TO THE TENANT ALL THAT THE SHOP LOCATED AT ...

The percentage usually varies over the course of the lease (e.g. for a five-year lease, the broker could be paid 5% of the first year's base rent, and 4% for the second through fifth years). Cost (Tenant Representative): A tenant representative only represents your interests and not the landlord's interests.

The security deposit is usually collected when the lease is signed or when the tenant moves into the property. Landlords are allowed to keep the deposit during the tenancy but must hold onto it in a trust or escrow account.

The amount of a security deposit for rent regulated apartments can be no more than one month's rent. The security deposit must be kept by the owner in an interest bearing account in a NYS bank. For further details, see HCR Fact Sheet #9: Renting an Apartment ? Security Deposits and Other Charges.