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.