Common Contracts
1 similar Lease Agreement contracts
WHAT IS A LEASE?Lease Agreement • October 13th, 2016
A lease is a contract between a landlord and tenant which contains the terms and conditions of the rental. It cannot be changed while it is in effect unless both parties agree. Leases for apartments which are not rent stabilized may be oral or written. However, to avoid disputes the parties may wish to enter into a written agreement. An oral lease for more than one year cannot be legally enforced. (General Obliga- tions Law § 5-701)