Hello
My lease (market rate rental) is expiring on 11/1, and requires 60 days written notice if one decides not to renew. I have asked to have a non standard lease period on several occasions (e.g. 6 months at a time) in the last 5 yrs, and – though management charged a hefty fee fee – it was a quick, easy ask.
In late August, I decided I’d rather not stay another full year, and am ready to look elsewhere, but Nov 1 is painful timing due to work travel, so I asked to extend the lease for several months. I was told the building had been sold and is in transition, and that I would have to wait for an answer since it is up to “new management,” whose identity is unknown. Although I have been checking in regularly, it has now been over a month with no answer.
Now, if the new management denies a short term extension, I will lose my security deposit since I presume I’d have to move out on 11/1 with less than 60 days. (Although I sent my inquiry at the end of August, it was only an email and phone call) Because I do not know if I will have to move on Nov 1, or some unknown date thereafter, I do not know how soon I should be looking for a new place. I did not mean to place myself in this risky situation!
Rent WAS deducted from my bank account for October, which means my last month's rent is still being "held." I don’t think I have any power to solicit an answer faster, since the new mgmt may have bigger concerns than one tenant.
1) Is it official NYC law that I would have to get 30 days notice before having to leave (e.g. new management would not be able to tell me that I have to leave on 11/1 given it’s already 10/4)
2) If I stay past 11/1 and the relationship shifts to month to month…Is it possible that I could permanently lose my security deposit? Do I get to keep it if I give new management 60 days notice? 30 days?
Thank you very much!