The Renewal Lease NYC Form serves as an official notification and agreement document used under Section 2523.5(a) of the Rent Stabilization Code, guiding both landlords and tenants through the lease renewal process for rent-stabilized apartments in New York City. This critical form outlines the terms for renewing a lease, including options for the lease term, rent adjustments, and other pertinent details, which must be signed and returned within 60 days to effectively renew the tenancy agreement. Its careful design ensures that all parties are fully informed and agree to the updated terms, maintaining compliance with local housing laws and regulations.
In the bustling heart of New York City, where the skyline is ever-changing and the streets never sleep, the process of renewing a lease holds particular significance for both tenants and landlords navigating the complexities of the housing market. The Renewal Lease Form, emanating from the framework of Section 2523.5(a) of the Rent Stabilization Code, stands as a critical document that facilitates this process, ensuring that both parties are informed, compliant, and prepared for the continuation of their contractual relationship. Central to this process is the stipulation that this form, accompanied by clear instructions for both the owner and the tenant, must be reviewed, completed, and returned within a tight timeframe of 60 days, a rule that underscores the urgency and importance of timely communication. Equally important is the form's delineation of terms including the lease's duration, rent adjustments based on Rent Guidelines Board orders, security deposit requirements, and additional charges among other conditions, all tailored to safeguard the interests of both parties. It even addresses scenarios such as preferential rent and the exact method by which any changes to the rent, influenced by the Division of Housing and Community Renewal (DHCR) or Rent Guidelines Board (RGB), will be implemented. In essence, the Renewal Lease Form is not just a document but a comprehensive guide that navigates through the renewal process, embodying the intricate dance between maintaining the status quo and accommodating the dynamic nature of New York City's real estate sphere.
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
A Renewal Lease Form is a document provided by the landlord to tenants living in rent-stabilized apartments in New York City. It's an official offer to renew their lease under certain terms, adhering to the Rent Stabilization Code specifically section 2523.5(a). The form outlines the new lease terms, including rent adjustments, lease duration options (one or two years), and any other permissible changes or charges.
Tenants must respond to the Renewal Lease Form within 60 days from the date the notice was served. Failing to respond within this timeframe might give grounds for the landlord to commence eviction proceedings.
Yes, the rent can be increased upon lease renewal. The increase is determined based on the guidelines set by the Rent Guidelines Board (RGB), which stipulates percentage increases for one and two-year lease renewals. These adjustments are detailed in the renewal form, including the calculations for the new legal rent. Rent increases are subject to any applicable RGB orders and may also include legally allowed additional charges.
If you return the Renewal Lease Form after the 60-day deadline, the landlord may initiate legal actions to evict you. It's crucial to respond within the specified period to secure your tenancy under the renewed lease terms.
If the landlord fails to furnish a fully executed copy of the Renewal Lease Form within 30 days of receiving your signed form, your rights under the Rent Stabilization Law and Code remain protected. The landlord cannot commence any actions or proceedings based on non-renewal of the lease. You continue to enjoy your tenancy rights until a duly executed form is provided.
Yes, the rent can be lower than the legal regulated rent if a "preferential rent" was agreed upon. Tenants who were paying a preferential rent as of June 14, 2019, or thereafter, retain the preferential rent for the life of the tenancy. This preferential rent, even upon renewal, may not be increased to the legal rent listed unless otherwise adjusted by lawful increases applied to the preferential rent.
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