Hi, I'm Jeannie Muldoon of Realities Solutions. - I'm the head administrator and I'm responsible for drafting all leases and renewals. - I'd like to share some information with you about leases. - When drafting your initial lease to a tenant, it's best to use a standard form. - Insert the property-specific information such as the address, rent, security deposit amounts, children's names, etc. - Our process is to draft the lease in Word form, save it as a PDF file, and then send it to the potential tenant through our database program. - Then, we await signatures and checks from the tenant. - We require a 48-hour turnaround for this process. - Always insist on money orders or cashier's checks for the security deposit and first month's rent. - Never accept a personal check for those items, as you don't want your introduction to a newly moved-in tenant to be a bounced check. - Lease renewals are also an important part of being a landlord. - If you have a standard lease, it probably requires a 60-day notice for renewals and/or a notice to vacate. - I recommend being proactive and sending the notice at least 75 days in advance to give yourself some extra time. - If there are only minor changes, a one-page letter indicating the change in rent or any other small changes can suffice for the renewal. - However, if there are significant changes, it's better to send a full new lease instead of a renewal letter. - This is a great opportunity for you to review all the property details on your rental property and ensure that you're getting the most out of it. - These are a few things that I do to make my job more efficient and accurate. - For more...
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Dhcr Lease Renewal fact sheet Form: What You Should Know
Rent Regulation Form RTP — Application to Renew a Lease. Fact Sheet — Tenant Rights and Responsibilities when Renewing a Lease with an Owner. Lease Renewal Process: An owner may only renew for an additional 5 years after the original lease expires. An owner cannot renew a lease that has been terminated due to a default. Note(2): The tenant is limited to the maximum allowable rent increases at a maximum increase of 3% for every five years of tenure in rent-stabilized apartments. The maximum rent increase is calculated by dividing the maximum allowable rent increase by the maximum allowable rent. The maximum increases are 5% for each calendar year, 1% for each calendar quarter and 0.5% for each calendar month. Fact Sheet- Tenant Renewal in Stabilized Apartments Fact Sheet #5: Rent Increases for Tenants in Rent Stabilized Apartments For tenants who pay the highest rent, DCR sets the maximum rent increase at a maximum increase of 10%. Fact Sheet — Rent Increases for Tenants in Rent D SERIAL FOR RENT-STABLE APARTMENTS. For tenants who pay the highest rent, DCR sets the maximum rent increase at a maximum increase of 15.5%. Fact Sheet — Tenant Rights and Responsibilities when Renewing a Lease with an Owner. DCR Rent Stabilization Lease Renewal form RTP. Additional information about DCR Rent Stabilization Leases. DCR Fact Sheet #5 in The Tenant Handbook: Residential Tenants. Fact Sheet #6: What are the Rent Limits, and when must an Occupant Pay them? The Rent Limits must be paid in accordance with the rent regulations of the Rent Stabilization Act. Fact Sheet #6 — What are the Rent Limits, and when must an Occupant Pay them? Fact Sheet RTP — Rent Regulation. Fact Sheet #7: Rent Stabilization for New York City Tenants. The rent laws governing Rental Housing have changed, therefore, the rent must be reviewed and approved by the Commissioner of the NYS Department of Housing and Community Renewal before a lease for a dwelling can be entered into. A Residential Tenancy Agreement can be completed electronically between the tenant and the owner or managers of the unit. Fact Sheet RTP- 8: Rent Stabilization of Rental Housing Tenants.
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