I don't want to specify the duration of tenancy. In this case, when will the tenancy expire?
Full Question:
I am soon going to rent my house in New York and have decided not to specify the duration for which the tenant will occupy the house. In such a situation, when will the tenancy expire?
01/10/2017 |
Category: Landlord Tenant |
State: New York |
#29823
Answer:
NY CLS Real P § 232reads:
“An agreement for the occupation of real estate in the city of New York, which shall not particularly specify the duration of the occupation, shall be deemed to continue until the first day of October next after the possession commences under the agreement.”