N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1627-4.2

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1627-4.2 - Initial date and duration of lease

(a) Leases shall be on a month-to-month basis and shall always start on the first day of the month. Where tenant takes possession after the first day of the month, lease shall show term starting as first day of the following month.

(b) A full month's rent shall always be collected prior to admission, regardless of the day of month tenant takes possession. Necessary adjustments to reflect partial month's rent shall be made in the following months.