What are the legal requirements for termination of a lease?
In New York, tenants and landlords must follow certain guidelines when it comes to terminating a lease. A tenant may terminate a lease before it expires if they are able to provide a valid and legal justification to do so. Valid justifications for terminating a lease early include military service, permanent relocation, and health and safety concerns. A tenant must provide written notice to the landlord at least 30 days before the termination date is to take effect. A landlord can only legally terminate a lease if the tenant has violated the tenancy agreement. The landlord must provide the tenant with written notice of the breach of the agreement, and the tenant must be given 14 days to fix the breach or leave. If the tenant fails to comply with the notice, the landlord may begin eviction proceedings. If the tenant and landlord have agreed to a termination date, both parties must sign a termination agreement. This agreement will detail the rights and responsibilities of each party and should include the date the tenant vacates the property. Finally, security deposits must be refunded to the tenant promptly upon termination of the lease. All deductions must be itemized in writing and sent to the tenant within 14 days of the expiration of the lease. The tenant is responsible for providing a forwarding address to the landlord in order to receive the security deposit refund.
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