What is the purpose of a lease and what is a standard lease form?
A lease is a contract between a landlord and tenant which contains the terms and conditions of rental. The vast majority of leases are written, although oral rental agreements are common. The terms of all leases are fully negotiable, although vigorous negotiations rarely occur where vacancies for affordable housing are scarce. Usually tenants accept the terms drafted by landlords. Occasionally, riders are added governing such things as pets, use of washing machines or permission to make minor alterations. Generally, leases cannot be changed while they are in effect unless both parties agree. In unregulated buildings, a rental without any agreement as to the term is considered a “month-to-month” tenancy which is terminable on 30 days notice. In New York, most leases contain provisions which have been superseded or modified by statute. For example, a lease clause which prohibits subletting is no longer enforceable in most cases because subletting is governed by statute. A “standard” leas
A lease is a contract between a landlord and tenant which contains the terms and conditions of rental. The vast majority of leases are written, although oral rental agreements are common. The terms of all leases are fully negotiable, although vigorous negotiations rarely occur where vacancies for affordable housing are scarce. Usually tenants accept the terms drafted by landlords. Occasionally, riders are added governing such things as pets, use of washing machines or permission to make minor alterations. Generally, leases cannot be changed while they are in effect unless both parties agree. In unregulated buildings, a rental without any agreement as to the term is considered a “month-to-month” tenancy which is terminable on 30 days notice. In New York, most leases contain provisions which have been superseded or modified by statute. For example, a lease clause which prohibits subletting is no longer enforceable in most cases because subletting is governed by statute. A “standard” leas
