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Home › Resource Centers › Resources for Renters › Glossary of NYC Real-Estate Terms You Might See On Your Rental Lease
Signing a Prime Lease on a New York City apartment for rent simply means that you are the primary tenant, or primary leaseholder, in a contract directly with the property's owner. The term Prime Lease is used to differentiate the contract with Sublease, which is a contract between a sub-lessee and the primary leaseholder.