Form HM-59 Certification of Commercial Lease - New York

What Is Form HM-59?

This is a legal form that was released by the New York State Homes and Community Renewal - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form HM-59?A: Form HM-59 is a Certification of Commercial Lease used in New York.

Q: Why is Form HM-59 used?A: Form HM-59 is used to verify the terms and conditions of a commercial lease in New York.

Q: Who needs to complete Form HM-59?A: Both the landlord and the tenant of a commercial property need to complete Form HM-59.

Q: What information is required on Form HM-59?A: Form HM-59 requires information about the lease term, rent amount, and any additional provisions.

Q: Is there a fee to submit Form HM-59?A: No, there is no fee to submit Form HM-59.

Q: Are there any deadlines for submitting Form HM-59?A: The completed Form HM-59 should be submitted within 30 days after the lease is executed.

Q: What happens after Form HM-59 is submitted?A: After submission, the form will be reviewed by the DHCR to ensure compliance with rent stabilization laws.

Q: Can Form HM-59 be modified?A: No, Form HM-59 should not be modified or altered in any way.

Q: What if there are changes to the lease after Form HM-59 is submitted?A: If there are changes to the lease, a new Form HM-59 should be completed and submitted.