Warren A. Estis and Michael E. Feinstein ()
Rent Stabilization Code (RSC) Section 2523.5 requires that with respect to rent-stabilized leases, the owner must notify the tenant not more than 150 days and not less than 90 days prior to the end of the lease term, of the expiration of the lease, and must offer to renew the lease at the legal regulated rent and otherwise on the same terms and conditions of the expiring lease. The statute provides that the tenant may then accept the offer by signing the prescribed renewal lease form and returning same to the owner, who must then execute the renewal lease form and return same to the tenant.
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