The Renewal Lease NYC form is a crucial document that allows tenants in New York City to renew their lease agreements under the Rent Stabilization Code. This form serves as a formal notice from the landlord to the tenant regarding the expiration of the current lease and the terms for renewal. It is essential for both parties to understand the details and instructions provided, as timely completion and submission of this form are necessary to avoid potential eviction.
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The Renewal Lease NYC form is an essential document for both landlords and tenants navigating the complexities of lease renewal under New York City's Rent Stabilization Code. This form serves as a formal notice that a tenant's lease is set to expire and outlines the options available for renewal. Tenants can choose to renew their lease for either one or two years, with specific details regarding the legal rent, potential increases, and additional charges clearly laid out. The form requires both parties to sign and return copies within a 60-day timeframe to ensure the renewal is legally binding. Important sections include the calculation of new rent amounts, security deposits, and any separate charges for amenities. Additionally, the form addresses tenant rights under programs like SCRIE and DRIE, which may allow for reduced rent. It emphasizes the importance of adhering to timelines and conditions to avoid potential eviction proceedings. By understanding the Renewal Lease NYC form, both owners and tenants can effectively manage their rental agreements and uphold their rights and responsibilities.
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_________
Tenant's Name(s) and Address:
Owner's /Agent's Name and Address:
___________________________________
__________________________________
1.The owner hereby notifies you that your lease will expire on:
PART A - OFFER TO TENANT TO RENEW
2. You may renew this lease, for one or two years, at your option, as follows:
Column A
Column B
Column C
Column D
Column E
Column F
Renewal
Legal Rent on
Guideline % or
Applicable Guideline
Lawful Rent Increase,
New Legal Rent
Term
Sept.30th Preceding
Minimum $ Amount
Supplement, if any
if any, Effective after
(If a lower rent
Commencement
(If unknown, check box
Sept. 30th
is to be charged,
Date of this
and see below)*
check box and see item
Renewal Lease
5 below)
1 Year
$_______________
(
%) $___________
$______________
$______________**
2 Years
Same as above
*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 one-year lease renewal.
Current Deposit: $______________
Additional Deposit Required - 1 year lease:
$___________***
Additional Deposit Required - 2 year lease:
$___________
4. Specify separate charges, if applicable:
a. Air conditioner :
c.
421a (2.2%): $___________
Total separate charges: $_____________
b. Appliances
:
d.
Other: ________________ $_____________
5. Lower Rent to be charged, if any. 1 year lease $__________, 2 year lease $__________ Agreement attached: Yes
No
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
, does not
have an operative sprinkler system. If operative, it was last maintained and inspected
on ____________________
.
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.
Tenant's Signature(s):
Dated:
20
Owner's Signature(s):
RTP-8 (6/21)
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 non-renewal of lease.
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 60-day period, the owner may have grounds to start proceedings to evict you from your apartment.
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
92-31 Union Hall Street
Jamaica, New York 11433
Web Site: www.hcr.ny.gov
Filling out the Renewal Lease NYC form is an important step in ensuring that your lease is properly extended. After completing the form, it must be returned to your landlord within 60 days. Make sure to follow the steps carefully to avoid any issues.
Once you have filled out the form, return all copies to your landlord. Ensure you keep a copy for your records. This will help protect your rights as a tenant and ensure the renewal process goes smoothly.
What is the Renewal Lease NYC form?
The Renewal Lease NYC form is a document used to notify tenants that their current lease is expiring and offers them the option to renew it. This form is issued under the Rent Stabilization Code and must be filled out and returned to the landlord within 60 days.
How long do I have to respond to the Renewal Lease?
You have 60 days from the date the Renewal Lease form is served to you to respond. It's important to return the signed form to your landlord within this timeframe to avoid potential eviction proceedings.
Can I choose the length of my lease renewal?
Yes, you can choose to renew your lease for either one year or two years. The form will provide options for both durations, and you can select the one that best fits your needs.
What if I want to decline the renewal?
If you decide not to renew your lease, you must indicate this on the form. Be sure to specify your intention to vacate the apartment on the expiration date of your current lease.
What happens if I don’t return the form?
Failing to return the signed Renewal Lease form within the 60-day period may give your landlord grounds to start eviction proceedings against you. It's crucial to respond in a timely manner.
Are there any additional charges I should be aware of?
The Renewal Lease form allows for additional charges, such as for appliances or air conditioning. Make sure to review these charges carefully and ensure they are clearly listed on the form.
What is the SCRIE or DRIE program?
The SCRIE (Senior Citizen Rent Increase Exemption) and DRIE (Disability Rent Increase Exemption) programs allow eligible tenants to pay a reduced monthly rent. If you qualify, this reduced amount should be noted on your Renewal Lease form.
What if I have a preferential rent?
If you have been paying a preferential rent, you can continue to do so for the duration of your tenancy. The Renewal Lease form should reflect this, and any increases must comply with the Rent Stabilization Law.
Filling out the Renewal Lease NYC form can be straightforward, but there are common mistakes that tenants often make. One significant error is failing to return the completed form within the required 60-day period. This deadline is crucial, as missing it could lead to eviction proceedings. Always mark your calendar and ensure that the form is sent back promptly to avoid complications.
Another common mistake is not carefully reviewing the terms of the lease renewal. Tenants may overlook details such as the amount of the new rent or additional charges. It's essential to double-check all figures, especially the total monthly payment. Mistakes in calculations can lead to confusion and disputes later on.
Additionally, many tenants forget to include necessary attachments or agreements that are part of the lease renewal. If there are any agreements between the tenant and the owner regarding a lower rent or other special conditions, these must be documented and attached. Neglecting to do so can invalidate the renewal or lead to misunderstandings.
Another frequent oversight involves the security deposit section. Tenants sometimes fail to accurately report their current security deposit or any additional deposit required. This can create issues when it comes time to settle financial matters at the end of the lease. Make sure to fill out this section completely to avoid any surprises.
Lastly, some tenants may not fully understand the implications of accepting the renewal offer. Signing the form without realizing what it entails can lead to unintended commitments. It's important to read all parts of the form carefully and ensure that you are comfortable with the terms before signing. Take the time to understand your rights and responsibilities under the lease.
When preparing for a lease renewal in New York City, it’s important to have all the necessary documents in order. The Renewal Lease NYC form is just one piece of the puzzle. Below is a list of other forms and documents that are often used alongside the Renewal Lease form, each serving a specific purpose.
Having these documents ready can streamline the lease renewal process and help avoid potential disputes. Each form plays a role in ensuring that both landlords and tenants understand their rights and obligations under the lease agreement. Always review each document carefully to ensure compliance with local laws and regulations.
When filling out the Renewal Lease NYC form, it's essential to follow certain guidelines to ensure a smooth process. Here are seven important do's and don'ts to keep in mind:
By following these guidelines, you can help protect your rights and ensure a successful lease renewal process.
Here are some common misconceptions about the Renewal Lease NYC form:
In reality, tenants must respond to the Renewal Lease within 60 days. Failure to do so may lead to eviction proceedings.
Landlords can only increase rent according to the guidelines set by the Rent Guidelines Board. Any increase must adhere to these regulations.
Tenants cannot change the content of the form without the landlord's written consent. Any alterations must be mutually agreed upon.
While the tenant's signature is necessary for acceptance, the form becomes binding only when signed by both the tenant and the landlord.
Completing and returning the Renewal Lease form is mandatory for tenants who wish to continue their lease. Ignoring it can jeopardize their housing situation.
The Renewal Lease is typically issued for one or two years, depending on the tenant's choice. It is not automatically renewed annually unless the tenant accepts the offer.
If the increase is within the legal limits set by the Rent Guidelines Board, tenants are obligated to pay the new rent amount.
While the law limits security deposits to one month's rent, if the lease renewal involves a change in terms, an additional deposit may be required.
When it comes to filling out and using the Renewal Lease NYC form, there are several important points to keep in mind. Understanding these key takeaways can help both tenants and owners navigate the process more effectively.
By keeping these key points in mind, both tenants and owners can ensure a smoother lease renewal process.