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:
In New York City, if the apartment is not rent-stabilized, state laws do not limit rent increases. The rent amount and lease duration are typically determined through negotiation between the landlord and tenant. Therefore, a landlord can choose to offer a lease longer than one year if they wish.
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