New York State has just enacted the largest overhaul to its land lieutenant laws in the last 50 years in this video I'm going to go through some of the major changes on how they impact real estate investors if you're a current landlord in New York when you're thinking about becoming a landlord in New York you're gonna want to check this out you hey guys my name is Vitaly Vova for those of you who don't know me I'm a practicing attorney an active real estate investor and a part owner of a real estate brokerage in Albany New York on this channel I discuss relevant legal concepts as well as best strategies and tips for real estate investing and before I jump into the topic of this video I do have to give a disclaimer although I am an attorney nothing that I say in this video should be construed as legal advice I provide this information for educational and entertainment purposes only and you should always consult the qualified attorney in your area before making a legal or financial decisions last but not least the views i express in this video are my own alone and do not necessarily reflect those of my law firm or any of my business partners so now that I got that out of the way let's talk about the new law On June 14 2024 Governor Cuomo signed into law the statewide housing stability and tenant Protection Act of 2024 this was a 74 page piece of legislation that enacted major changes to the New York State landlord tenant laws now some of the changes apply only to New York City and I'm not going to cover them in much detail in this video if you guys are interested in...
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About Surrender Agreement Nyc
A Surrender Agreement NYC is a legal document that terminates a lease agreement between a landlord and a tenant. It is required when a tenant wants to end their lease before the end date stated in the agreement. This agreement sets out the terms and conditions agreed upon by both parties to ensure a smooth and hassle-free transition. The surrender agreement typically includes the following: 1. The date the tenant plans to vacate the property 2. The return of keys to the rental property 3. The condition in which the property needs to be left upon vacating 4. Any upcoming rent payments that need to be made 5. The security deposit amount and when it will be returned 6. Any other terms and conditions agreed between the landlord and the tenant. Both the landlord and the tenant need the surrender agreement for various reasons. The tenant needs this agreement to legally terminate the lease agreement and avoid any legal consequences. The landlord needs the agreement to ensure that the tenant vacates the property properly, without causing any damages or losses. The surrender agreement is an essential document that protects the rights and interests of both parties when ending a lease agreement early.
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