The New York Office Lease Agreement is an agreement between the landlord and the tenant. This agreement is signed when a landlord wishes to lease out his property for commercial purposes. The property is leased out as an office space or in any other commercial capacity.
The property must be located in the state of New York. The signing of such a lease agreement indicates that, both the landlord and the tenant agree with all the conditions mentioned in the agreement. The agreement is only a guideline of the provisions and they can be changed as per the requirements of the landlord and the tenant. Once signed the agreement would be enforceable on both the landlord and the tenant. All the provisions must be read carefully by the parties.
The first section of the agreement states the location of the property along with the names of the landlord and tenant. The starting date of the lease must be written along with the termination date of the lease. Additionally, the date of commencement of the lease and the date on which possession is passed must be mentioned. The monthly rent and the annual rent along with the security deposit must also be mentioned. The next section will require the purpose of leasing the property.
The following sections mention the provisions of damage, bankruptcy, default, condition of the unit, services, alterations, maintenance and repairs, window cleaning, fire, other casualties, loss, indemnity, electricity, occupancy, landlord’s alteration and management, condemnation, legal requirements, mortgage, remedies, fees and expenses, access, waiver, landlord’s inability to perform, excavations, notices, rules an riders. The details regarding the designated rider must be mentioned at the end of this section.
The agreement form ends with the date on which the lease has been entered into. It is followed by the names and signatures of the landlord and the tenant.