N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1727-3.2

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

Section 1727-3.2 - Terms of lease

(a) Leases shall commence on the first day of the month and shall not exceed 36 months' duration. Where tenant or cooperator takes possession after first day of month, the lease shall show a term starting as the first day of the following month.

(b) A full month's rent should always be collected prior to admission, regardless of the day of the month a tenant or cooperator takes possession. Necessary adjustment to reflect partial month's rent should be made in following month.