N.Y. Personal Property Law § 345: Renegotiations and extensions

§ 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.