Renewal Lease (Rent Stabilized)
A renewal lease is the required lease extension offered to a rent stabilized tenant for a one- or two-year term (subject to limited exceptions). NYC guidance explains that the renewal offer must generally be delivered not more than 150 days and not less than 90 days before the current lease expires, under the renewal framework.
- Where it applies
- New York City
- When it comes up
- Renewal / Exit
- Property types
- Residential Leasing (Rent Stabilized)
Read more in the Knowledge Base
- Responding to DHCR Complaints and OrdersLandlords
- Vacancy and Renewal Increases - Current Post-HSTPA ControlsLandlords
- Rent-Stabilized Lease Requirements - Current HCR Rider and Renewal RulesLandlords
- Rent Registration and Annual Reporting - Current HCR RequirementsLandlords
- 485-x (Affordable Neighborhoods for New Yorkers): Current Operating RulesLandlords
Related terms
Residential Leasing Terms
- Application Fee Cap (Background/Credit Check Fee)
- Good Cause Eviction
- Guarantor (Residential)
- Late Fee Cap
- Lease Rider (Residential)
- Rent Stabilization (including ETPA Stabilization)
- Roommate Law (Residential Occupancy Rights)
- Security Deposit (Limit & Return Timing)
- Source of Income (Housing)
- Sublet (Residential)
General information, not legal, tax or financial advice.