Hardship Policy and Lease Renewal Policy
The University recently announced a new hardship policy for full-time faculty and staff living in NYU rental housing. Concurrently, the University recapitulated the University's lease renewal policy. Please review the associated memo and FAQs.
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Hardship and Lease Renewal Memo, dated 4/10/09
- Hardship and Lease Renewal Frequently Asked Questions (FAQs), dated 4/17/09
Provost's Statement of Policy on Faculty Housing
For a detailed description of the University's housing policies and goals, please review the Provost's Statement of Policy on Faculty Housing (PDF). This document describes the University's explicit priorities for new housing assignments, established to best utilize our limited housing resources.
Sublet Policy and Incentive Program
As stated in all NYU leases, tenants are allowed to sublet their apartment only for periods longer than 30 consecutive days. Moreover, the rent charged by a tenant to a subtenant may not exceed the tenant’s rent plus a 10% surcharge for a furnished apartment. All sublets must be approved by the University and the apartment must be made available to University affiliates before being offered to the non-affiliate market. If you wish to sublet your apartment, please submit your information via the web or contact the Office of Faculty Housing at 212-998-2209 or by email at facultyhousing.office@nyu.edu.
The University has also unveiled a new, streamlined allocation process for faculty members on approved leave or sabbatical wishing to sublet their apartment. Faculty members will receive 110% guaranteed rent and additional improvements to their apartment when they participate in the program. Please note that the incentives offered by this program are only for faculty members on approved leave or sabbatical. Summer/winter holiday sublets are not eligible for the incentives.