New answers tagged new-york
8
Read your lease. It may already have a provision that it switches to month to month automatically after the lease term expires. I've had a few leases like that in the (distant) past. If that's the case, then you don't really have to do anything.
0
I don't know your landlord, but most places allow you to sign 1-month, 2-month, 3-month, 6-month, etc. leases, but the shorter the lease, the higher the rent. Also, check the lease break penalty in your contract, if it's 1 month's rent(very common), it may be worthwhile to just eat the hit, if the new job pays better.
1
I was in a similar situation a couple of years ago, I was working abroad and didn't know when I would have to leave the country.
My landlord made me sign a one-year lease and agreed that I could transfer the lease to a new tenant for the remainder of the lease. This is called a sublease. His only condition was that the new tenant would be approved by the ...
1
My advice would be to ask about switching to a month-to-month. Be prepared for a significant difference in the cost per month. In a recent lease the switch to month-to-month after the initial lease period resulted in a 15% higher rent amount compared with the 12 month extension rate.
If you know that you will be in the place less than the break even point, ...
35
Inquire with the landlord about switching to a month-to-month lease, meaning you wouldn't have to renew for an entire year. It's been a while since I was a renter but I recall most apartment leases I've had in my life being for a one-year term for the first year, then month to month after that. You say you're a good tenant and he's a reasonable landlord, he ...
1
I'm not sure what you mean by "withholding tax" but typically you pay any penalties when you file your annual tax return; it is added on to your total tax amount and used to calculate your net tax due or refund.
For example, if you have $10,000 in income tax due, have a $1,000 penalty and had $10,500 withheld throughout the year, when you file your state ...
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