Statute · New York Personal Property Law
N.Y. Pers. Prop. Law § 345 — Renegotiations and extensions
N.Y. Pers. Prop. Law § 345
- Type
- Statute
- Source
- New York Personal Property Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 345. Renegotiations and extensions. 1. A renegotiation is a new lease which is subject to the disclosure requirements of section three hundred thirty-seven of this article.
Citator
N.Y. Pers. Prop. Law § 345 — Renegotiations and extensions is in force in the current edition of the Code, and nothing recorded condemns it.
§ 345. Renegotiations and extensions. 1. A renegotiation is a new lease which is subject to the disclosure requirements of section three hundred thirty-seven of this article.
2. The disclosure requirements of section three hundred thirty-seven of this article are not applicable to any extension of a retail lease agreement. An extension of a retail lease agreement need not be signed contemporaneously by the holder and the lessee if the extension is transacted by mail, is for a period of twenty-four months or less and is first signed by the holder prior to signature by the lessee.