How should you negotiate your lease renewal with your landlord? Watch this quick video and subscribe below so you don't miss my other real estate tips. Hi, I'm Phil, the founder of Freely, the free and honest rental marketplace where you could find your next home. - This rental tip comes to you from a bike path on the Hudson River Greenway along the Westside Highway. First off, the following two things help in any negotiation with your landlord. First, you should make sure you pay your rent on time every month. And second, you should do your best to make sure that you're a hassle-free tenant. - Next, going into the negotiation, you should understand two things. First, you should understand how the proposed rent increase compares to the norms in the industry. So, for example, a three to five percent increase under normal conditions is standard. Second, how does the proposed rent compare to current market conditions? I suggest you get a real estate agent to help you on this one. - Keeping in mind the above, let's run through four quick scenarios and how I would suggest you handle them. First, let's say the landlord asked for a huge price increase, but let's say it's in line with market conditions. My suggestion: tell the landlord this is not the rent you budgeted for a year ago when you signed the lease. And regrettably, if there's no room for negotiation, you're going to have to consider other options. - Here's the second scenario. Let's say the landlord asked for a huge price increase, but this time it's out of line with market expectations. Here's my suggestion on this one: tell the landlord not only is this not the rent you budgeted for a year ago when you signed the lease, but if...
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Staying after lease expires nyc Form: What You Should Know
Leases (Security Deposits, Roommates, Sublets, and More) — NYC.gov By Law, the tenant is given a 30-day right to reject the remaining rent amount offered by the landlord. Does the landlord also have to give the tenant a written lease? In New York, lease contracts may contain provisions for a written lease. The provision may be for either a lease per se, or a rent-stabilized lease. This is to be determined by the specific lease, and if the lease is a rent-stabilized lease, the landlord must also give a rental lease (written lease) to the tenant. The law also requires you to give a written lease to your landlord if you are vacating or about to vacate by giving notice that A) you are about to vacate, B) in some circumstances you are leaving your home for more than five days to do any of the following: C) move out to move into subsidized housing, D) leave to enter subsidized housing (if you will need a subsidized place that is not available, it must be reported in your rent account) E) to take care of yourself while your lease is in effect, and F) if you have a serviceable lease, to take care of the landlord's obligation under the lease. If your lease says “lease per se”, it must contain this lease language. What if the landlord won't give a written lease? If the landlord has no legal obligation to give you a written lease or an accurate rental contract that reflects the amount of rent due, the tenant is entitled to file a claim that they are entitled to rent under their lease with the Rent Board. The rent board will look closely at the lease contract to determine whether the lease is rent stabilized. If it is rent stabilized, it will ask the landlord to fix the amounts in the lease contract, and then return the lease to the tenant, and that will be that. Here are some of the most common reasons tenants file for rent stabilization: “My lease was broken at the start of my tenancy. Now my lease is broken.” In New York, if the rent for one month is 100, the tenant can file a claim with the landlord for a rent of just 90. If your lease says “lease per se”, it must contain this lease language. You will not get any more than that, and it will not apply to future months.
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