Full question:
What is the maximum increase (%) that a landlord can get on a non stabilized apartment, one year lease, in New York City . Do they have to provide more than a one year lease if asked?
- Category: Landlord Tenant
- Date:
- State: New York
Answer:
If the city regulations don't apply, the NY state statutes
don't limit rent increases. In a non-regulated lease, the amount of rent
and duration is typically a matter of contractual negotiation between
the parties. It would be up to the landlord to agree to a term longer
than a year in such a case.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
